An indenture is an agreement or contract between the vendor and the prospective buyer, which also contains the duration the land was being leased. Thus, it was only when the Commission had issued the land title certificate to the buyer before he or she could claim full ownership of the land.
An indenture is a vital contract provided to property buyers, serving as proof of purchase for real estate transactions. However, its validity hinges on crucial elements such as a certified site plan endorsed by the solicitor of the Supreme Court.
PREPARATION OF INDENTURE
There must be some form of legal agreement and documentation of proof before you make payment. The indenture must be endorsed by a licensed legal practitioner with an oath of proof, the site plan must be also signed and dated by a licensed surveyor.
This document of proof of purchase containing the land size, location, name of the property owner, name of the buyer, and their signatures respectively, etc. should be presented at the Lands Commission for checks and confirmation.
SITE PLAN
A certified site plan is a plan that has been stamped, signed and dated by a licensed surveyor and the Regional Surveyor, and endorsed by the solicitor of the Supreme Court of Ghana.
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