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Land Swap Agreement

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Microsoft Word (Editable)
Pages
4
Price: KES 200
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Document Overview

A Land Swap Agreement is a formal real estate document used when two landowners agree to exchange land parcels.

Key Components of a Land Swap Agreement:
1. Parties Involved
2. Property Descriptions
3. Purpose and Background
4. Agreement to Exchange
5. Valuation and Consideration
6. Due Diligence Conditions
7. Transfer and Registration Process
8. Possession Terms
9. Warranties and Representations
10. Dispute Resolution
11. Governing Law
12. Signatures and Witnessing
13. Attachments

Purpose of a Land Swap Agreement:
1. To legally formalize the exchange of land parcels between two parties.
2. To avoid monetary transactions when the parties agree the land values are equivalent or nearly so.
3. To enable development, subdivision, family settlement, or rationalization of property boundaries.
4. To ensure clear ownership and transfer of title through a lawful and traceable process.
5. To protect both parties legally, preventing future claims or disputes.

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