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Real Estate Trust
Real estate trust refers to owner of a real estate trusts and registers the transfer of the real estate to the trustee (i.e. our bank) in order to allow the trustee to manage, use and dispose the trust property (including land and fund) for the benefit for the designated beneficiary specified in the trust contract or for specific purposes according to the purpose of trust and the terms specified in the trust contract. Through the mechanism of trust, it is able to achieve the specific purposes of protecting the security of the trust property, benefits of the beneficiary and effective use of the real property resource etc. In addition, when the trust relationship diminishes, according to the terms of the trust contract, the trust registration can be canceled in order to return the trust property to the settlor, or register under the beneficiary or other obligee.
Advantages
Subjects for Application of Real Estate Trust
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