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Letter of Intent for Property Swap/Exchange

Document Type
Microsoft Word (Editable)
Pages
3
Price: KES 350
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Document Overview

A Letter of Intent for Property Swap (also called a Property Exchange LOI) is a preliminary, non-binding document that outlines the basic understanding between two parties who intend to exchange or swap their real estate properties. It serves as a formal expression of interest before the parties enter into a legally binding Property Exchange Agreement.

It typically includes:

1. The identities of both parties (property owners).
2. Description and location of each property to be exchanged.
3. Agreed valuation approach and any balancing payment (if one property is of higher value).
4. Key conditions such as due diligence, title verification, and regulatory approvals.
5. A confidentiality clause.
6. A clear statement that the document is not legally binding, except for specific provisions such as confidentiality.
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