Sell common elements. Charge special assessments. A trust that is established after the death of the owner is called a. a trust by will. The beneficial interest can be transferred by assignment. The beneficiary is usually the trustor.
Public records list all the beneficiaries.
The property can be pledged as security for a loan without recording a mortgage. In a limited partnership a. the number of investors is limited to 10. Stockholders have a direct ownership interest in the real estate. It is managed by the Board of directors. It continues to exist until formally dissolved.