How To Draw Up An Exchange Agreement

Table of contents:

How To Draw Up An Exchange Agreement
How To Draw Up An Exchange Agreement

Video: How To Draw Up An Exchange Agreement

Video: How To Draw Up An Exchange Agreement
Video: How to Draft a Contract in 3 Easy Steps 2024, May
Anonim

In addition to the sale, other transactions can be concluded with the apartment, for example, an exchange. But in this case, it is very important to draw up the contract correctly so that the transaction cannot be challenged in the future.

How to draw up an exchange agreement
How to draw up an exchange agreement

Instructions

Step 1

Find a variant of an apartment for exchange. The difficulty may lie in the fact that the owners of the housing you are interested in will not agree to receive your apartment in exchange. In this case, several participants will have to be involved in the exchange process, which will significantly complicate the transaction. In this case, you should use the sales contract. The exchange operation remains justified only when the sale of housing is impossible - for example, in the case of privatized apartments. Please note that you cannot exchange a privatized apartment for a municipal one. In this case, you need to either privatize the living space, or find another option for exchange.

Step 2

Make up the text of the agreement. It is best to contact a lawyer for this together with the other party to the agreement. In the text of the agreement, it is necessary to indicate the names of the owners and the name of the property that is subject to exchange. The exact address of the apartment must be given. If the apartments differ in value, the contract may stipulate the issuance of monetary compensation to the owner of the more expensive property. Additionally, you should indicate the exact date after which both one and the other owner must leave the dwelling they occupy and transfer the right of ownership to another party to the transaction.

Step 3

Sign the contract with a notary. This procedure is carried out for exchange agreements on a voluntary basis, but it can become an additional confirmation of the authenticity of the signatures of the parties in the event of a dispute. Also, the notary should certify the consent of other persons registered in the apartment for the exchange.

Step 4

Register an agreement with Rosreestr at your place of residence. To do this, you will need to pay a state fee. After that, both you and the person who made the deal with you will receive certificates of ownership of the new home.

Recommended: