Indenture For Land In Wayne
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FAQ
An indenture is an agreement or contract between the vendor and the prospective buyer, which also contains the duration the land was being leased. Thus, it was only when the Commission had issued the land title certificate to the buyer before he or she could claim full ownership of the land.
A trust indenture is an agreement in a bond contract made between a bond issuer and a trustee that represents the bondholder's interests by highlighting the rules and responsibilities that each party must adhere to.
An indenture is a deed with more than one party. In the old days they were written out, two copies, on a single piece of parchment then roughly cut, so the parts could later be compared. A deed of trust has at least two parties, the settler and the trustee, so it could be called an indenture.
Most bonds are issued pursuant to a Trust Indenture. In certain instances, bonds are issued pursuant to a Resolution of the issuer. Unless otherwise stated, the term Indenture, as used in this chapter, includes the Resolution. The Indenture is a contract between the issuer and the bond trustee.
In simple terms, a bond indenture is a legal agreement between the issuer of a bond (the borrower) and the bondholders (the lenders). Think of it as the "rulebook" that outlines the terms and conditions of the bond issuance.
The bond indenture is a legal document that defines the terms of the bond issue including the rights of bondholders; the bond certificate provides details about the bond being issued including the financial elements of the bond.
Unlike Ghanaian citizens, non-citizens of Ghana are not entitled to tenure interest in any land in Ghana but then a lease of up to fifty (50) years is suggested. Nevertheless, Ghanaians can acquire lands on a freehold interest or leasehold basis for ninety-nine (99) years conditional on renewal for a future term.
The term is used for any kind of deed executed by more than one party, in contrast to a deed poll which is made by one individual. In the case of bonds, the indenture shows the pledge, promises, representations and covenants of the issuing party.
In real estate, an indenture is a deed in which two parties agree to continuing obligations. For example, one party may agree to maintain a property and the other may agree to make payments on it.
