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How to use or fill out 1031 addendum to real estate contract with DocHub
- Click ‘Get Form’ to open the 1031 addendum in our editor.
- Begin by filling in the Offer Reference Date at the top of the form. This date is crucial as it references your original Real Estate Purchase Contract (REPC).
- Next, identify the parties involved by entering the names of the Buyer and Seller in their respective fields.
- In Section 1, check the appropriate box indicating whether it is a Seller or Buyer 1031 Exchange. This section clarifies who is initiating the exchange process.
- Complete any additional terms that may modify or conflict with previous agreements in the REPC, ensuring clarity on responsibilities regarding expenses related to the exchange.
- Specify a deadline for acceptance of this addendum by filling in the date and time, ensuring both parties are aware of timelines.
- Finally, have both parties sign and date at the bottom of the form to finalize acceptance or counteroffer status.
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