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Dec 16, 2022

Beneficiary

A person or entity who is designated to receive the benefits of property owned by someone else 

What is a Beneficiary?

A beneficiary is a person or entity that receives the benefits of a trust, will, or other legal arrangements. In the context of real estate, a beneficiary is typically the person or entity who will ultimately own the property, either outright or in trust. The beneficiary is entitled to receive the proceeds from the sale or rental of the property and may have other rights as well.

Beneficiary types

There are several types of beneficiaries in real estate, including:

  1. Beneficiaries of a trust: In a real estate transaction involving a trust, the beneficiary is the person or entity who will ultimately receive the property. The trust may be set up to provide for the beneficiary's care and support, or other purposes.

  2. Beneficiaries of a will: In a real estate transaction involving a will, the beneficiary is the person or entity named in the will to receive the property. The will may also provide for the payment of any outstanding debts or taxes on the property.

  3. Beneficiaries of a life estate: In a real estate transaction involving a life estate, the beneficiary is the person or entity who will ultimately own the property after the death of the life tenant. The life tenant retains the right to use and enjoy the property during their lifetime.

  4. Beneficiaries of a land trust: In a real estate transaction involving a land trust, the beneficiary is the person or entity who holds the beneficial interest in the trust. The trustee holds legal title to the property on behalf of the beneficiary, who retains all rights to the property.

Right and responsibilities of a beneficiary

There are several rights and responsibilities that you may have in a real estate transaction, including:

  1. Right to receive the benefits of the trust, will, or other legal arrangements.

  2. Right to sell, lease, or otherwise dispose of the property, subject to any restrictions in the trust or will.

  3. Responsibility to pay any outstanding debts or taxes on the property.

  4. Responsibility to maintain the property and keep it in good repair, unless otherwise provided for in the trust or will.

In some cases, the beneficiary may also have the right to contest the terms of the trust, will, or other legal arrangements.

A beneficiary is a person or entity that receives the benefits of a trust, will, or other legal arrangements.

The beneficiary is typically the person or entity who will ultimately own the property, either outright or in trust. Beneficiaries have certain rights and responsibilities in a real estate transaction, and should carefully review the terms of the trust, will, or other legal arrangements before taking any action concerning the property.

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Landa Holdings, Inc. ("Landa Holdings") operates the www.landa.app website (the "Site") and the Landa mobile application (the "App")(collectively, the “Platform”). Landa Holdings manages Landa App LLC, Landa App 2 LLC and Landa App 3 LLC (“Landa Issuers”), and raises funds and facilitates the issuance of shares for the Landa Issuers entities through the Platform pursuant to Regulation A under the Securities Act of 1933 (“Regulation A”).

Neither Landa Holdings nor any of its affiliates are a registered broker-dealer or investment advisor. All securities-related activity for the Landa Entities is conducted through Dalmore Group LLC (“Dalmore”), a registered broker-dealer and member of FINRA/SIPC, You can review Dalmore's brokercheck for Dalmore.

Landa is not a bank. Certain services are offered through Synapse Financial, Inc. and its affiliates (collectively, “Synapse”). Synapse is not a bank and is not affiliated with Landa. Brokerage accounts and cash management programs are provided through Synapse Brokerage LLC (“Synapse Brokerage”), an SEC-registered broker-dealer and member of FINRA and SIPC. Additional information about Synapse Brokerage can be found on FINRA’s BrokerCheck.

See Synapse Terms of Service, Privacy Policy, and the applicable disclosures and agreements available in Synapse’s Disclosure Library for more information.

Synapse Brokerage LLC has a direct or indirect business relationship with Program Banks for the placement of deposits in the cash management program. The list can be found in the List of Program Banks.

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You should speak with your financial advisor, accountant, and/or attorney when evaluating any offering of securities. Neither Landa Holdings, Landa App, nor Dalmore makes any recommendations or provides advice about investments, and no communication, through this website or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. Nothing in this material should be construed as investment or tax advice, or a solicitation or offer, or a recommendation to buy or sell any securities. The Site and/or the App may make forward-looking statements. You should not rely on these statements but should carefully evaluate the offering materials in assessing any investment opportunity, including the complete set of risk factors that are provided as part of the offering circular for your consideration.  We urge you to review the applicable offering circular, available here.

All securities offered by the Landa Entities and Landa Financing are deemed “Shares”. Investing in Shares involves risks, and there is always the potential of losing money when you invest in Shares. Past performance is no guarantee of future results. Investments in Shares are speculative and involve substantial risks to consider before investing, outlined in the respective offering materials and including, but not limited to, illiquidity, lack of diversification, and complete loss of capital. An investment in Shares constitutes only an investment in a particular offering and not in Landa Holdings, Landa App, or any of the underlying asset(s). Investors should carefully review the risks located in the respective offering materials for a more comprehensive discussion of risks.

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All images and figures shown are for illustrative purposes only and are not actual customer or model returns. Landa is not a cryptocurrency app, all monetary values are in U.S dollars and available only to U.S. investors. All Rights Reserved © Landa Holdings, Inc.