Partition And Exchange Agreement With 100 In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00410
Format:
Word;
Rich Text
Instant download
Description
The Partition and Exchange Agreement with 100 in Pima is designed for co-owners of real property wishing to voluntarily divide their shared ownership. This form outlines the specific tracts each co-owner will receive, referencing detailed descriptions through attached exhibits. It confirms that the co-owners are the sole owners of the property, with provisions to address any other potential interests or liens. The agreement requires the execution of quitclaim deeds to formally transfer ownership of the designated tracts among the co-owners. Post-execution, the agreement ensures that the divided properties are treated as separate entities, releasing any claims among co-owners regarding the divided property. This form is beneficial for various users including attorneys, partners, property owners, associates, paralegals, and legal assistants who may assist clients with real estate transactions. It provides a clear framework for property division, prevents future disputes, and simplifies the legal process involved in partitioning shared property.
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