Exchange Deed

EXCHANGE DEED
This deed of Exchange is executed on day of month

of _____________ year by Sri./Smt.__________________________,
S/o./ W/o.____________________________, occupation____________________,
and aged _____ years, residing
at_________________________________________________________________
_________________________________________________________________.
herein after called the PARTY OF THE FIRST P ART.
and
Sri./Smt.__________________________S/o./W/ o. ,
occupation____________________, aged __________ years, residing
at________________________________________________________________
_
_________________________________________________________________
Herein referred to as the PARTY OF THE SECOND PART.
Whereas, the term the First Party and the Second Party unless repugnant to the
context shall mean and include their representatives heirs, successors, executors,
administrators, trustees, legal representatives and assigns.
Whereas, the First Party herein, is the sole and absolute owner of immovable
property bearing No.___________ known as _____________________ situated at
morefully described in the First Schedule hereunder written and herein after
called the First Schedule property.
Whereas, the First Party is the absolute owner, having acquired the property, by
____________________ and since then First Party has been in possession and
enjoyment of the First Scheduled property and paying taxes and levies thereon, as
sole and absolute owner thereof.
Whereas, the Second Party herein, is the sole and absolute owner of immovable
property bearing No.___________ known as _____________________ situated at
more fully described in the Second Schedule hereunder written and herein after
called the Second Scheduled property.
Whereas, the Second Party is the absolute owner, having acquired the property, by
____________________ and since then Second Party has been in possession and
enjoyment of the Second Scheduled property and paying taxes and levies thereon,
as sole and absolute owner thereof.
2
Whereas it has been agreed between the parties hereto to exchange their respective
properties viz. First scheduled property written here under unto and to the use of
the Second Party in consideration of the Second Scheduled property here under
written unto the use of First Party.
Where as the market value of the First Scheduled property is assessed at

Rs.________
Where as the market value of the Second Scheduled property is assessed at

Rs.________
Where as the parties here to have now agreed to execute this deed of exchange.
NOW THIS DEED WITNESSETH that in pursuance of the aforesaid agreement

and in consideration of the party of the Second Part conveying to the party of the
First Part the Second Scheduled property hereunder written and Second Party
hereby grant and convey by way of exchange unto the party of the First Part
absolutely and for ever all that piece and parcels of the property described in the
Second Scheduled together with all t h e liabilities, easements, profits,
privileges, advantages, rights, members and appurtenances whatsoever of the said
Second Scheduled property and also together with all the deeds, documents,
writings and other evidences of title relating to the said Second Scheduled
property and all the estate, right, title, interest, use, possession, benefit, claim and
demand whatsoever, both at law and in equity of the party of the First Part TO
HAVE AND TO HOLD the said Second Scheduled property hereby granted
and conve yed by way of exchange unto and to the use and benefit of the
party hereto of the First Part subject to payment of all rents, taxes,
assessments, rates, duties, now chargeable upon the same or which may herein
after become payable in respect thereof to the local authority.
NOW THIS DEED WITNESSETH that in pursuance of the aforesaid

agreement and in consideration of the party of the First Part conveying to the party
of the Second Part the First Scheduled property hereunder written and First Party
hereby grant and convey by way of exchange unto the party of the Second Part
absolutely and for ever all that piece and parcels of the property described in
the First Scheduled together with all the liabilities, easements, profits,
privileges, advantages, rights, members and appurtenances whatsoever of the said
First Scheduled property and also together with all the deeds, documents, writings
and other evidences of title relating to the said First Scheduled property and all
the estate, right, title, interest, use, possession, benefit, claim and demand
whatsoever, both at law and in equity of the party of the Second Part TO
HAVE AND TO HOLD the said First Scheduled property hereby granted and
conveyed by way of exchange unto and to the use and benefit of the party hereto of
the Second Part subject to payment of all rents, taxes, assessments, rates, duties,
now chargeable upon the same or which may herein after become payable in
respect thereof to the local authority.
3
Whereas each of the parties of the First and the Second Part mutually
covenants with the other that;
(i) He has now in himself, absolute right, full power and absolute authority to
grant the scheduled property hereby granted or assured or intended to be by
him unto and to the use of the other party in manner aforesaid.
(ii) That the other party shall and may at all times hereafter peacefully
and quietly enter upon have occupy, possess and enjoy the scheduled
property conveyed to him and receive the profits thereof and for his own use
and benefit without any suit, eviction, interruption, claim or demand
whatsoever from or by him the covenanting party or his heirs, or any of
them or any persons lawfully or equitably claiming or to claim by from
under or in trust for them or any of them.
(iii) The said scheduled property is free from all encumbrances, claim, and
attachment of whatsoever in nature.
(iv) He the covenanting party and all the persons having or lawfully
claiming any estate or interest whatsoever in the scheduled property is
conveyed by him shall and will from time to time and at all times
herein after at the request and cost of the other of them do and execute or
caused to be done and executed such further and other acts deeds,
things, conveyances and assurances in the law whatsoever for the better
and more perfectly assuring the said land and premises conveyed to him
by the other and every part thereof unto and to the use of, the party to
whom it is conveyed in the manner aforesaid as by him his heirs,
executors, administrators and assigns shall be reasonably require.
FIRST SCHEDULE
(Property belongs to First Party exchanged to the Second Party)

7
All the piece and parcel of immovable property bearing
No.____________ Measuring _______________
Bounded by:
- On the East :
On the West :
On the South :
On the North :
Market value of the property under this deed is Rs.

(Rupees____________________________________only).
SECOND SCHEDULE
(Property belongs to Second Party exchanged to the First Party)

7
All the piece and parcel of immovable property bearing
No.____________ Measuring _______________
Bounded by:
- On the East :
On the West :
On the South :
On the North :
Market value of the property under this deed is Rs.

(Rupees________________________________ __only).
The Stamp duty is paid on the market value as stated above.
IN WITNESS WHEREOF the First Party as well as the Second Party have put
their respective hands the day and year first herein above written.
WITNESSES:
1. FIRST PARTY
2. SECOND PARTY

Exchange Deed

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EXCHANGE DEED

This deed of Exchange is executed on day of month

Where as the market value of the First Scheduled property is assessed at

Where as the market value of the Second Scheduled property is assessed at

NOW THIS DEED WITNESSETH that in pursuance of the aforesaid agreement

NOW THIS DEED WITNESSETH that in pursuance of the aforesaid

(Property belongs to First Party exchanged to the Second Party)

No. Measuring ___

Market value of the property under this deed is Rs.

(Property belongs to Second Party exchanged to the First Party)

No. Measuring ___

Market value of the property under this deed is Rs.

The Stamp duty is paid on the market value as stated above.

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