What is a deed of cross-conveyance?

A deed of cross-conveyance is a legal document used in property law that occurs when two or more parties exchange land or property with each other. It is most commonly used when two parties are trading land or properties of similar values. The deed is signed by both parties and is then recorded with the local county clerk. In North Carolina, all deeds of cross-conveyance must be in writing and must include a description of the land being exchanged, as well as the names of all parties involved and their contact information. The deed must also include the signature of all involved parties and witnesses, as well as a statement of consideration indicating the value of the exchange. Additionally, the deed must include a statement of satisfaction from the parties involved, which indicates that the exchange has been successfully completed. This statement of satisfaction is typically a sworn statement and must be notarized by the county clerk. Once all steps have been taken, a deed of cross-conveyance is completed and will be recorded with the county clerk. This record will serve as proof that the transfer of property has taken place.

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What is a deed of cross-conveyance?

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