Deed of Exchange of Properties where Money is Paid to Equalize

Deed of Exchange of Properties where Money is Paid to Equalize

This deed of exchange, made the ……………… day of ……… between AB of, etc., of the one part, and CD of, etc., of the other part WHEREAS AB is the sole and absolute owner in possession of the property described in Schedule A hereto AND WHEREAS CD is the sole and absolute owner in possession of the property described in Schedule B AND WHEREAS the parties hereto have agreed as to mutual exchange of their said respective properties, viz., that the said AB shall grant, transfer and convey to the said CD the property in Schedule A and that said CD shall in lieu thereof grant, transfer and convey to AB the property in Schedule B. AND WHEREAS the property in Schedule A being of greater value the said CD shall pay a sum of Rs. ………… to AB for equality of exchange. Now this Deed witnesses that in pursuance of the said agreement and in consideration of the conveyance of the property described in Schedule B as hereunder effected by the said CD and of the sum of Rupees …………… paid to the said AB by the said CD on (or before) the execution of this deed for equality of exchange (the receipt whereof the said AB do hereby admit, acknowledge and confirm) the said AB as beneficial owner do hereby grant, transfer and convey unto and to the use of the said CD, free from encumbrances, all that etc. (describe the property): to have and to hold  the same absolutely and forever in lieu of and in exchange of the property effected by him in favour of the said AB as hereunder appearing and this deed also witnesses that in consideration of the conveyance of the property in Schedule A by the said AB hereinbefore effected, the said CD as beneficial owner do hereby grant, transfer and convey to the said AB free from encumbrances all that, etc. (describe the property): to have and to hold the same to the said AB absolutely and forever in lieu of and in exchange for the property transferred by him as hereinbefore appearing.

It is hereby agreed and declared that each party hereto has good right full power absolute authority and indefeasible title to give grant transfer and convey the property exchanged by this Deed and that each party shall at all times hereafter peaceably and quietly hold possess and enjoy the same without any claim demand or interruption by the other and will at the request and cost of the other execute every such assurance and further would execute and perform every such act deed or thing as shall reasonably be required by the other for further and more perfectly assuring to the other the property hereby conveyed to him. by the other for further and more perfectly assuring to the other the property hereby conveyed to him.

Schedule A containing description of

AB’s property transferred to CD and its value

Schedule B description of property

of CD transferred to AB and its value

In witness whereof the parties hereto have executed these presents on the day, month and year first above-written.

Signed, sealed and delivered by AB

in the presence of:

Signed, sealed and delivered by CD

in the presence of:

Disclaimer:

The information contains in this web-site is prepared for educational purpose. This site may be used by the students, faculties, independent learners and the learned advocates of all over the world. Researchers all over the world have the access to upload their writes up in this site. In consideration of the people’s participation in the Web Page, the individual, group, organization, business, spectator, or other, does hereby release and forever discharge the Lawyers & Jurists, and its officers, board, and employees, jointly and severally from any and all actions, causes of actions, claims and demands for, upon or by reason of any damage, loss or injury, which hereafter may be sustained by participating their work in the Web Page. This release extends and applies to, and also covers and includes, all unknown, unforeseen, unanticipated and unsuspected injuries, damages, loss and liability and the consequences thereof, as well as those now disclosed and known to exist.  The provisions of any state’s law providing substance that releases shall not extend to claims, demands, injuries, or damages which are known or unsuspected to exist at this time, to the person executing such release, are hereby expressly waived. However the Lawyers & Jurists makes no warranty expressed or implied or assumes any legal liability or responsibility for the accuracy, completeness or usefulness of any information, apparatus, product or process disclosed or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product process or service by trade name, trade mark, manufacturer or otherwise, does not necessarily constitute or imply its endorsement, recommendation or favouring by the Lawyers & Jurists. The views and opinions of the authors expressed in the Web site do not necessarily state or reflect those of the Lawyers & Jurists. Above all, if there is any complaint drop by any independent user to the admin for any contents of this site, the Lawyers & Jurists would remove this immediately from its site.