1031 Exchange Cooperation Clauses

When signing your Agreement of Sale, insert the appropriate 1031 Exchange Cooperation Clause. This clause will document your intent to complete an exchange and provide notification to the other party of your intent to exchange.

Relinquished Property – This is the property you are selling:

Buyer acknowledges that it is the intention of the Seller to complete a tax-deferred exchange under Internal Revenue Code Section 1031. Buyer agrees to cooperate as long as it does not delay the closing or cause   additional expense to the Buyer. Buyer agrees that Seller will assign the rights but not the obligations of this agreement to 1031 CORP., as Qualified Intermediary.  

Replacement Property – This is the property you are buying:

Seller acknowledges that it is the intention of the Buyer to acquire property as part of a tax-deferred exchange under Internal Revenue Code Section 1031. Seller agrees to cooperate as long as it does not delay the closing or cause additional expense to the Seller. Seller agrees that Buyer will assign the rights but not the obligations of this agreement to 1031 CORP., as Qualified Intermediary.  

Please do not hesitate to contact 1031 CORP. with any questions.