A beneficiary is typically referred to in the context of trusts or estates. It is the individual or entity who will receive the benefits or profits from an investment property, or from a legal instrument like a will, trust, or life insurance policy.
In terms of real estate trusts specifically, the beneficiary is the person or entity that receives the benefit of the property held in the trust. This could mean receiving rental income, the right to use the property, or the proceeds from the sale of the property, depending on the terms of the trust.
The specific roles and rights of a beneficiary can vary depending on the type of investment or legal arrangement and can be governed by various laws and contractual agreements. Always consult with a legal professional for specific advice regarding your situation.