Exchange Language for      Sale & Exchange Contracts

PURCHASE AGREEMENT FOR THE SALE OF RELINQUISHED PROPERTY

Buyer herein acknowledges that it is the intention of the seller to create an IRS Code Section 1031 tax deferred exchange and that the sellers rights and obligations under this agreement may be assigned to --         Exchange Facilitator      -- to facilitate such exchange. Buyer agrees to cooperate with the seller in a manner necessary to enable seller to qualify for said exchange at no additional cost or liability to the buyer.

 

PURCHASE AGREEMENT FOR THE ACQUISITION OF REPLACEMENT PROPERTY

Seller hereby acknowledges that it is the intention of the buyer to complete an IRS Code Section 1031 tax deferred exchange and that the buyers rights under this agreement may be assigned to     --  Exchange Facilitator -- for the purpose of completing such exchange. Seller agrees to cooperate with the buyer and        -- Exchange Facilitator -- in a manner necessary to complete said exchange at no additional cost or liability to the seller.

 

This language must be as written above to be approved by the IRS for a 1031 Exchange

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