Free Land Swap Agreement Template
Land Swap Agreement
I. Introduction
This Land Swap Agreement (the "Agreement") is made and entered into as of this 4th day of December, 2050, by and between the following parties:
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Lester Nolan, an individual residing at Orlando, FL 32801, acting on behalf of SurePlus, a corporation duly organized and existing under the laws of the State of Florida, with its principal office located at Orlando, FL 32801 ("Party A"), and
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[Your Company Name], a corporation duly organized and existing under the laws of the State of Florida, with its principal office located at [Your Company Address] ("Party B").
Both parties may collectively be referred to as the "Parties" and individually as a "Party."
II. Purpose of the Agreement
The purpose of this Agreement is to outline the terms and conditions under which Party A and Party B agree to exchange certain parcels of land, as described in more detail below. The land swap is intended to benefit both Parties through the exchange of property located in the respective areas, providing mutual satisfaction to both Parties involved.
1. Description of the Properties
1.1 Party A's Property:
The land being transferred by Party A, located at 1234 Maple St, Orlando, FL 32801, with a total area of 5 acres, and identified by Parcel Number A123456789.
1.2 Party B's Property:
The land being transferred by Party B, located at 5678 Oak Rd, Orlando, FL 32802, with a total area of 7 acres, and identified by Parcel Number B987654321.
2. Exchange Conditions
2.1 Transfer of Title:
Upon the execution of this Agreement, Party A agrees to transfer full legal title of the land described in Section II.1 to Party B, and Party B agrees to transfer full legal title of the land described in Section II.1 to Party A.
2.2 Inspection and Approval:
Both Parties agree that an inspection of the properties will be conducted before the transfer to ensure that the properties meet the agreed-upon specifications. If any issues are identified during the inspection, the Parties will mutually agree on how to resolve such issues.
2.3 Liabilities and Encumbrances:
Both Parties represent and warrant that the properties being exchanged are free from all encumbrances, liens, and any other legal claims, except as otherwise disclosed in writing.
III. Terms and Conditions
1. Consideration
1.1 Value of Exchange:
The value of the land being exchanged shall be determined by an independent appraisal performed by a certified appraiser mutually agreed upon by both Parties. The appraiser’s assessment shall serve as the basis for the exchange value of both properties. Any discrepancies between the appraised values shall be resolved through negotiation between the Parties.
1.2 Compensation for Value Discrepancies:
If there is a significant difference in the appraised value of the exchanged properties, Party A or Party B may agree to make a monetary payment to balance the exchange. This payment will be specified in writing and agreed upon by both Parties.
2. Closing Date
2.1 Closing Date and Transfer of Ownership:
The closing of this land swap transaction shall occur no later than 30 days from the date of execution of this Agreement, provided all necessary documents have been executed and delivered by both Parties. The closing will take place at a mutually agreed location or electronically.
2.2 Transfer of Possession:
Possession of the properties shall be transferred on the closing date, subject to all applicable terms and conditions as outlined herein.
3. Representations and Warranties
Both Parties make the following representations and warranties:
3.1 Authority to Enter Agreement:
Each Party warrants that it has the legal authority to enter into this Agreement, and that the individuals signing on behalf of the Parties have full authority to bind the respective Parties.
3.2 No Breach of Agreement:
Both Parties affirm that their respective rights and obligations under this Agreement do not conflict with any other existing contractual obligations.
IV. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without regard to its conflicts of laws principles. Any disputes arising from or in connection with this Agreement shall be subject to the exclusive jurisdiction of the state courts located in Orlando, FL.
V. Confidentiality
5.1 Confidentiality of Agreement:
Both Parties agree that the terms of this Agreement and any associated discussions or documents shall remain confidential unless disclosure is required by law or mutual consent.
5.2 Non-Disclosure of Terms:
Neither Party shall disclose the details of this Agreement to third parties without prior written consent from the other Party, except to the extent required by law.
VI. Miscellaneous
6.1 Amendments:
This Agreement may only be amended or modified in writing, signed by authorized representatives of both Parties.
6.2 Severability:
If any provision of this Agreement is deemed unenforceable, the remaining provisions shall remain in full force and effect.
6.3 Entire Agreement:
This Agreement represents the entire understanding between the Parties regarding the land swap, and supersedes all prior discussions or agreements related to the same subject matter.
VII. Signatories
IN WITNESS WHEREOF, the Parties hereto have executed this Land Swap Agreement as of the day and year first above written.
For Party A: SurePlus
Lester Nolan
For Party B: [Your Company Name]
[Your Name]
For any questions or concerns regarding this Agreement, please contact [Your Name] at [Your Email] or [Your Company Name] at [Your Company Email].
