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A contract for deed, also known as a land contract, is an alternative method for financing the sale of a house or other real estate. The buyer and seller agree to an installment plan, where the buyer pays the seller directly over a period of time instead of in one lump sum when the transaction closes.

The final step is the state granting the land with a land patent. The words patent and grant are often used interchangeably, but they do have a difference in meaning. A grant is the action of giving the land, but the resulting record is called a patent.

A land patent is a form of letters patent assigning official ownership of a particular tract of land that has gone through various legally-prescribed processes like surveying and documentation, followed by the letter's signing, sealing, and publishing in public records, made by a sovereign entity.

Unlike intellectual property patents, which have time limits, a land patent is permanent.

A patent claim defines the boundaries of an invention, and therefore lays down what the patent does and does not cover. A patent claim is the most important thing in a patent application, for it defines the subject matter that is sought to be protected.

United States, holding that patents are not subject to eminent domain. However, Congress has acknowledged that litigation costs are a necessary part of a patent taking.

The land patent passes the legal title to the land to the patentee. "The patent is not the foundation, but the consummation of the title. Until it emanates, the legal power of the government over the subject is not at an end. Upon its emanation that power terminates, and the right of the grantee is perfected." Roads v.

A land patent is a land grant from Lord Baltimore or later from the State of Maryland to a person. Originally written on parchment, it is the first instrument of conveyance for the land. If a patentee sold the land or a portion of it, the transaction was noted on the back of the original patent.

Examples of land patents include the Homestead Act of 1862, which granted land to settlers who agreed to live on and improve the land for at least five years, and the Railroad Land Grants, which gave land to railroad companies to encourage the construction of railroads.