naked land trust

Definition of "naked land trust"
  1. A type of trust that involves land and where the trustee only has title to the property but no rights to use or dispose of it
How to use "naked land trust" in a sentence
  1. The real estate investor chose to put his properties into a naked land trust, as it provided more protection for his assets.
  2. Under the structure of a naked land trust, the trustee isn't granted any power to utilize the property.
  3. A naked land trust was established for the land parcel to maintain anonymity of the property owner.

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