The document is a partition agreement between two parties to terminate their community ownership of a parcel of land and divide it between them. Partition is the legal term referring to division of real property interests among co-owners (tenants in common).The Real Property Department records documents pertaining to real property or real estate in Harris County. This is a document through which the parties agree that particular property will be "separate property" and will not be divided. Follow this simple guide to edit Texas partition and exchange agreement form in PDF format online free of charge. The partition deed is the legal document that allows a property to be divided among coowners, ending joint ownership of the property. DIRECTORS' AND GENERAL MANAGER COMMENTS – Members of the Board wishing a Merry Christmas. Counseled clients who were completing transactions with the firm. • Calculated the worth of future funds using net present value. Joint resolution is another form of legislative measure used to propose law.