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At its simplest, an indenture is an agreement that declares benefits and obligations between two or more parties. In bankruptcy law, for example, it is a mortgage or deed of trust that constitutes a claim against a debtor. The most common usage of indenture appears in the bond market.
As nouns the difference between renter and tenant is that renter is one who rents property from another while tenant is one who pays a fee (rent) in return for the use of land, buildings, or other property owned by others.
As nouns the difference between indenture and deed is that indenture is (legal) a contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice) while deed is an action or act; something that is done.
Definition of subtenant : one who rents from a tenant.
Indenture Agreements means the Participation Agreement, the Lease, the Purchase Agreement, the Purchase Agreement Assignment, the Consent and Agreement, the Bills of Sale and any other contract, agreement or instrument from time to time assigned or pledged under the Trust Indenture.
1) Generally, any written agreement between two parties. 2) A real estate deed in which two parties agree to continuing obligations; for example, one party may agree to maintain the property and the other to make periodic payments.
The term comes from the medieval English "indenture of retainer" a legal contract written in duplicate on the same sheet, with the copies separated by cutting along a jagged (toothed, hence the term "indenture") line so that the teeth of the two parts could later be refitted to confirm authenticity (chirograph).
A Head Lease is a Lease to an entity that will subsequently grant leases to sub-lessees who will be tenants in possession. It sets out the promises the Landlord has made to his Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.
What's The Difference Between A Tenant And A Co-Tenant? A tenant is an individual that rents one of your properties. Co-tenants are two or more people that rent a property together on the same or on separate leases.
You transfer your lease to someone else and have no further responsibilities as a tenant under the lease. Subletting, on the other hand, can be a temporary arrangement. When you sublet your apartment, you have the right to return when the sub-lease comes to an end.