An indenture is a legal contract between two parties, particularly for indentured labour or a term of apprenticeship but also for certain land transactions. A written agreement conveying real property (land) from one person to another, or transferring title, in exchange for a specified term called the consideration.Importance of Land Records. • In many locales, may provide a more complete list of individuals than census (after. An indenture is a deed with more than one party. Land and property research in the United States.