Deed of Exchange of Properties
This deed of exchange is made this …………… day of ……………….…… 1999 between AB, son of ………… residing at ………… of the one part and CD, son of ……………… residing at …………………… of the other part.
WHEREAS the said AB is the sole and absolute owner in possession of the property comprised in Schedule “A” hereto AND WHEREAS the said CD is the sole and absolute owner in possession of the property comprised in Schedule “B” AND WHEREAS the parties have agreed to mutually exchange and transfer of the ownership of the said properties as between them, viz., that the said AB shall convey the property in Schedule A to CD who will convey in lieu thereof the property in Schedule B to AB.
Now this deed witnesses that in pursuance of the aforesaid agreement, and in consideration of the transfer effected by CD as hereunder appearing, the said AB as beneficial owner do hereby grant, convey, transfer, assign and assure unto and in favour of the said CD, free from encumbrances, the house and premises, etc., comprised in Schedule A to have and to hold the same absolutely and forever in exchange for what is hereunder transferred by the said CD in favour of AB. And that the said CD in further pursuance of the said agreement and in consideration of the transfer effected by AB as beneficial owner do hereby grant, convey, transfer, assign and assure unto and in favour of the said AB, free from encumbrances, the land, etc., comprised in Schedule B hereto to have and to hold the same absolutely and forever in exchange for the transfer as aforesaid effected by AB in favour of CD as aforesaid.
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 costs of the other, execute every such assurance or assurances and further do 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.
It is hereby further declared that the value of the property specified in each of the schedules is equal and the same is Rs. ………………… only.
Schedule A above referred to
Schedule B above referred to
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: