Indentured Deed

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Indentured Deed
	What is an indentured deed?

	A deed is usually signed only by the grantor, the one giving up the property. "I hereby turn over my ownership to so-and-so." An indentured deed, though, is one that's signed by both parties. The grantor is giving up ownership, and the grantee, the new owner, is also promising to do something, perhaps to take over an existing mortgage along with the property.
	Edith Originally published on October 3, 2007

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