Property Exchange Agreement Form
Description
How to fill out Exchange Agreement For Real Estate?
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FAQ
A written agreement between the exchanger and the Qualified Intermediary (QI) defining the transfer of the relinquished property, the ensuing purchase of the replacement property, and the restrictions on the exchange proceeds during the exchange period.
As per the law, the exchange deed claims to transfer rights in immovable property, as per Section 54 of the Transfer of Property Act; it has to be registered with the office of the registrar of assurance. The exchange of immovable property has an income tax implication.
An exchange deed is a type of deed registered between owners of properties in order to exchange the properties between the transacting parties. The transaction is different from a conventional property sale because there is no transfer of money between the parties.
In the circumstances, the Deed of Exchange turned out to be void and liable to be cancelled.
A land swap is a tool that empowers a city to trade a municipally owned site with a privately owned site.
