Exchange of real for personal property.

 

This agreement made _________[date] by A, of _________ County, State of _________, and B, of _________ County, State of _________, provides:

B is the owner of a general stock of merchandise and a stock of machinery located in _________ in _________ County, _________.

A is the owner of _________ in the County of _________, in the State of _________, subject to a mortgage of $_____.

B is desirous of trading h— stock of general merchandise and machinery for the interest of A in h— real estate.

Therefore, the parties agree as follows:

1. B agrees on _________[date] to deliver to A the stock of general merchandise and stock of machinery. In consideration of which, A agrees to convey to B, all of h— right, title and interest in and to the above-described real estate, by warranty deed, and furnish an abstract showing good merchantable title in A, subject to the above-mentioned mortgage of $_____, which mortgage B is to assume and agrees to pay.

2. B agrees to pay the taxes on the stock of goods and machinery for the year _________[year]; and A agrees to pay the interest on the $_____ mortgage up to _________[date].

3. B agrees to rent to A the building that the stock of goods is now located in in the Village of _________, by written lease, for $_____ per month for the term of one month, with the privilege of extending the term of lease for the further period of one year, or any part of it.

4. The parties agree that the land which A agrees to convey to B for stock of goods and for stock of machinery is to be valued in this trade at $_____ per acre, the value to include mortgage of $_____. And the stock of goods and the stock of machinery is to be invoiced between now and _________[date] and valued in this trade at the amount of such invoice. And that if the invoice of goods shows them to be valued at more than the value of land over and above $_____ mortgage, the valuation including the mortgage of $_____, and being estimated at $_____ per acre as above stated, then A is to pay to B the amount that valuation of such goods exceeds valuation of the land. And if valuation of goods and machinery is less than valuation of land, then B is to pay to A the amount that valuation of goods and machinery is less than valuation of land.

 

______________________________________________________________________________________

 

More Real Estate Forms

 

Browse Real Estate Forms & Mortgage Forms Alphabetically

 

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

 



Home Courses Real Estate Forms Income Properties For Sale Forums Real Estate Articles   

Copyright © 2001 - 2006, Buy Income Properties, Inc. All Rights Reserved. Privacy Policy in Observance.