. 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.
There are 2 main types of deed: warranty and quitclaim. A warranty deed is one in which the seller, when transferring the title to you, warrants that he owns the property free and clear of all liens, says David Eagan, a lawyer with Eagan & Matthews PLLC in East Hampton, New York. A warranty deed is used in most sales of property. 1  The grantor is the rightful owner and has the right to transfer the title. 2  There are no outstanding claims on the property from lenders using it as collateral, or from other creditors.  The property can't be claimed by someone with a better claim to the title.