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The most common kind of transaction that uses an indenture agreement is a land transaction. An indentured agreement is also used between parties when there is an existence of commercial debt.

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12y ago

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Land indenture is a legal agreement in which one party, typically a landowner, grants another party rights to use or develop a specific piece of land for a certain period, often in exchange for rent or other compensation. This arrangement can involve various terms and conditions, including the responsibilities of both parties regarding maintenance and improvements. Indentures are commonly used in real estate transactions and can vary widely in complexity and length.


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