. The first argument of this formula is the interest rate, the second the number of periods, the third the annual payments, the fourth is the present value, and the fifth indicates that payments are all made at the end rather than the beginning of each year.
Patenting refers to the system of land appropriation used in Kentucky to transfer land from the Commonwealth to an individual or group of individuals. All deeds trace back to an original patent recorded in the Kentucky Land Office. Land patenting consists of four steps, all of which must be completed before title is granted. Step #1: The Warrant (syn. Certificate, Order) This document authorizes a survey to be made.
âQ: My elderly mother wants to transfer ownership of her home to me, her only child. My attorney drafted a quitclaim deed. What is a quitclaim deed? A: A quitclaim deed is a written document that transfers the title (ownership) of real property such as a home or piece of land. A quitclaim deed offers no warranties or guarantees that the owner has good title or ownership, but simply conveys whatever interest exists when the deed is executed (transferred) and delivered. Q: Must the transfer of title of real property via quitclaim deed involve an exchange of money? A: No. A transfer of an interest in real estate or land by a quitclaim deed does not have to involve the exchange of money.