The objective of the Real Estate Trust is the administration of resources and assets related to a real estate project, or the administration of the resources associated with the development and execution of said project.
There are different modalities of real estate trust commonly known and they can be classified, as follows:
Its purpose is to entrust the fiduciary company with the administration and collection of monies coming from the real estate project promotion delivered by those interested in the project, while the necessary conditions are met to be allocated to its development.
Its purpose is to entrust to the fiduciary company the investment and administration of the monetary resources destined to the execution of the real estate project, according to what is established in the respective fiduciary contract.
By entering into the fiduciary contract, an autonomous patrimony is constituted, into which the property from the real estate project to be developed is incorporated, in order for the trust company to make the payments associated with its development in accordance with the instructions indicated in the trust instrument, and transfer the finished units to the rightful beneficiaries as per the relevant contract.