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Civil law. Part II. Elements of a property trust management agreement. Grounds for termination of the contract (the most important)

Lecture notes, cheat sheets

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70. ELEMENTS OF THE CONTRACT OF TRUST MANAGEMENT OF PROPERTY. GROUNDS FOR TERMINATION OF THE AGREEMENT

subject of a contract - execution of any legal acts by the manager. and fact. actions in the interests of the beneficiary, and the manager performs actions in relation to someone else's property on his own behalf, while indicating that he is acting as a trustee of the property of another person. The performance of actual actions along with legal actions, as well as the need to inform counterparties in transactions about their position, distinguishes this agreement from others similar to it (orders, commissions, agency).

The object can be: individually defined things, both movable (eg, securities) and immovable (eg, enterprises); subjective rights (for example, rights certified by book-entry securities, exclusive rights), including rights acquired in the course of the performance of the contract.

Money and property that are under the right of operational management and economic management cannot be objects. Property encumbered with a pledge may be transferred to trust management, while the rights of the pledge holder are preserved: he can levy execution on this property. However, foreclosure on the debts of the founder of management on the property transferred by him to trust management is not allowed, except for the case when he is declared bankrupt.

Requirements for accounting for property transferred to trust management: with the exception of securities, it must be separated and reflected with the trustee on a separate balance sheet, it is kept independently, and a separate bank account is opened for settlements on activities related to trust management .

Period of the agreement is limited to five years, after the expiration of the term, the agreement is considered extended for the same period, if the parties have not terminated it.

Price agreement is a remuneration paid to the manager at the expense of income received from the use of the property transferred to him.

Forms of payment: in a fixed amount of money paid at certain periods (eg monthly, quarterly, etc.) or after the end of the contract; actually; in mixed form.

The terms of the agreement on the form and amount of remuneration payments are essential.

Form contracts can only be in writing. The agreement regarding the trust management of real estate is subject to the state. registration.

The procedure for concluding an agreement: it is possible both by signing one document by the parties (in contracts in which the object of management is real estate), and by exchanging documents using communication means. The transfer of immovable property must be carried out according to the deed of transfer.

Grounds for termination of the contract: death of one of the parties or its liquidation, if it is a legal entity; refusal of one party or both parties from the contract; recognition of one of the parties as incapable, or with limited capacity, or missing, or bankrupt (this ground does not apply to the beneficiary).

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