BUSINESS DEED
THIS DEED OF EXCHANGE is made this day of , between
[YOUR COMPANY NAME], a real estate development company with a prime commercial property suitable for retail development, located at [YOUR COMPANY ADDRESS], hereafter referred to as the 'First Party.'
AND
[SECOND PARTY's NAME], another real estate development company with an equally valuable residential property, located at [SECOND PARTY's ADDRESS], hereafter referred to as the 'Second Party.'
WHEREAS, the First Party and the Second Party are both desirous of optimizing their respective portfolios and enhancing their strategic positions by swapping the ownership of their respective properties in accordance with their respective business objectives.
I. Recitals
The First Party is the owner of a prime commercial property situated at , suitable for retail development.
The Second Party is the owner of an equally valuable residential property situated at .
Both parties believe that the exchange of properties will result in a more strategic alignment with their respective business goals.
II. Agreement for Exchange of Property
In consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree to the following:
Property Exchange
Consideration
Conditions of Precedent
Representations and Warranties
Each party represents and warrants to the other that they have the full legal right and authority to enter into this Deed and that the properties exchanged are free and clear of any liens, encumbrances, or claims.
Effective Date
III. Execution of Deed
IN WITNESS WHEREOF, the Parties hereto have executed this Deed of Exchange as of the date first above written.
FIRST PARTY: [YOUR COMPANY NAME]
[YOUR NAME]
[YOUR COMPANY ADDRESS]
SECOND PARTY: [SECOND PARTY's NAME]
[SECOND PARTY'S NAME]
[SECOND PARTY's ADDRESS]
IV. Witnesses
This Deed of Exchange is witnessed and signed on the day and the year first above written.
[WITNESS 1 NAME]
[WITNESS 2 NAME]
NOTARIZATION:
State of [State], County of [County]
On this [Date], before me, a Notary Public in and for said county and state, personally appeared [YOUR NAME] and [SECOND PARTY'S NAME], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
[Notary Public Name]
Notary Public in and for [State]
My Commission Expires: [Expiration Date]
Deed Templates @ Template.net
