An indenture is a deed with more than one party. An indenture is a legal contract between two parties, particularly for indentured labour or a term of apprenticeship but also for certain land transactions.Any document of title or evidence "of record" that passes title an allows a person to defend their claim of ownership or rights to the property. The City will convey fee simple title to Prosperity Hidden Valley, LLC for One. GRANTOR: Market value of property transferred in. CON. GRANTEE: Difference between contract price and fair market value of property in VAL. An indenture, typically a security obligation, details duties and responsibilities of parties (2 or more) to a contract. CSC eRecording is helping document submitters electronically record their documents in Virginia faster and with fewer rejections. Proprietary land titles, abstracts of title, and registrations of land grants are sometimes called "memorials. Title provides one guage of the incentive to preserve and protect land use and value.