The Partition and Exchange Agreement with 100 in Wayne is designed for co-owners of real property seeking to voluntarily divide their shared property. This form allows the Co-Owners to declare their sole ownership and delineate their mutual agreement on property division, specifying which Co-Owner will receive each designated tract. The agreement includes provisions for quitclaim deeds that must be executed by all Co-Owners to formalize the division, releasing any claims to the other Co-Owners. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who facilitate property transactions and settlements. It simplifies the partition process, ensuring that all parties understand their rights and responsibilities regarding the divided property. Users can easily fill out the specified areas with property details and co-owners' names, making it accessible even to those with minimal legal knowledge. By adhering to the clear guidelines provided in this form, users can effectively resolve ownership disputes and establish clear property boundaries.