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The Exchange Contract Addendum | |
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When exchanging, insert this language into your purchase and sale contract or call OREXCO for a personalized exchange contract addendum: PURCHASE AGREEMENT FOR THE SALE OF RELINQUISHED PROPERTY Buyer hereby acknowledges that it is the intention of the Seller to effect an IRC 1031 tax deferred exchange, which will neither delay the closing nor cause additional expense or liability to the Buyer. Buyer further acknowledges that Seller's rights and obligations under this agreement may be assigned to OREXCO ("Old Republic Exchange Facilitator Company"), a Qualified Intermediary, to facilitate the exchange. Buyer agrees to cooperate with the Seller and OREXCO in a manner necessary to enable Seller to complete the exchange. PURCHASE AGREEMENT FOR THE ACQUISITION OF REPLACEMENT PROPERTY Seller hereby acknowledges that it is the intention of the Buyer to complete an IRC 1031 tax deferred exchange, which will neither delay the closing nor cause additional expense to Seller. Seller further acknowledges that the Buyer's rights under this agreement may be assigned to OREXCO ("Old Republic Exchange Facilitator Company"), a Qualified Intermediary, for the purpose of completing the exchange. Seller agrees to cooperate with the Buyer and OREXCO in a manner necessary to enable the Buyer to complete the exchange. Click here for Downloadable Version |
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