What is a deed of cross-conveyance?

A deed of cross-conveyance is a legal document used in property law in Massachusetts which is used to transfer real estate between two different owners. The document serves as an exchange of ownership, creating a simultaneous conveyance between two buyers and sellers. This type of conveyance is particularly helpful when the two parties involved need to swap sections of land, or when they are consolidating multiple lots into one piece of property. A deed of cross-conveyance allows both parties to retain their original interest in the property, as they are basically swapping or exchanging properties with each other. For example, if two people own adjacent properties and they wish to swap properties, they can do it through a deed of cross-conveyance. In this document, the two people are listed as the grantors and the grantees, and they are both responsible for their own conveyance. In order to execute a deed of cross-conveyance in Massachusetts, both parties must sign the document and have it notarized. The document is also signed by the county recorder and is officially recorded. Once recorded, the deed of cross-conveyance is a legally binding document that transfers ownership of the property. This type of document is often used in commercial real estate transactions.

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What is a deed of cross-conveyance?

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