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Real Property Exchange Agreement
"I need a Real Property Exchange Agreement to facilitate the exchange of my commercial warehouse in Manchester for a retail property in Leeds, with an equalisation payment of £250,000 to account for the difference in property values, targeting completion by March 2025."
1. Parties: Details of the parties exchanging properties, including full legal names and addresses
2. Background: Context of the exchange and brief description of the properties involved
3. Definitions: Key terms used throughout the agreement
4. Properties Description: Detailed description of both properties being exchanged
5. Exchange Terms: Core terms of the exchange including completion date and conditions precedent
6. Title Warranties: Warranties regarding ownership and title to the properties
7. Completion Obligations: Actions required by each party upon completion
1. Equalisation Payment: Terms for any monetary payment to equalise different property values - used when properties have different values
2. Tenant Provisions: Provisions relating to existing tenancies - used when properties have existing tenants
3. Environmental Provisions: Specific environmental warranties and indemnities - used when environmental risks are identified
1. Schedule 1 - Property Plans: Official plans showing boundaries of both properties
2. Schedule 2 - Title Documents: Copies of title registers and plans
3. Schedule 3 - Existing Tenancies: Details of any existing lease agreements
4. Schedule 4 - Property Information Forms: Standard property information forms completed by each party
5. Schedule 5 - Environmental Reports: Any relevant environmental surveys or reports
Authors
Business Day
Completion
Completion Date
Contract Rate
Encumbrances
Exchange Properties
First Property
Second Property
Land Registry
Legal Charge
Parties
Property Rights
Registered Title
Registry Title Numbers
Requisite Consents
SDLT
Title Guarantee
Transfer
VAT
Working Day
Property Information Form
Standard Conditions
Deposit
Equalisation Payment
Environmental Matters
Planning Legislation
Property Documents
Tenancies
Title Deeds
Vacant Possession
Agreement to Exchange
Properties Description
Title Warranties
Vacant Possession
Completion Requirements
Registration
Encumbrances
Environmental Matters
Planning and Building Regulations
Property Rights
Utilities and Services
Equalisation Payment
Tax Matters
Assignment
Indemnities
Representations and Warranties
Insurance
Existing Tenancies
Default
Notices
Costs
Governing Law and Jurisdiction
Entire Agreement
Severability
Force Majeure
Third Party Rights
Variation
Waiver
Further Assurance
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