Which document is associated with establishing terms for a trustee's management of property?

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The document associated with establishing the terms for a trustee's management of property is the deed in trust. This legal document outlines the specific terms under which the trustee holds and manages the property for the benefit of another party, known as the beneficiary. The terms may include how the property should be managed, what the trustee's responsibilities are, and the conditions under which the property should be transferred to the beneficiary.

In contrast, a deed restriction involves limitations on the use of property, often placed by the property owner or a third party to maintain certain standards in a community. A deficiency judgment is a court ruling that allows a lender to collect the remaining amount owed on a loan after a property sale does not cover the full amount. Delivery and acceptance relate to the process of transferring property ownership, ensuring that the seller has delivered the property to the buyer and that the buyer has accepted it. Neither of these documents directly establishes management terms for a trustee over property.

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