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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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Addendum for Section 1031 Exchange - TREC - Texas.gov
This addendum is to be attached to a contract where either party intends to use the property to accomplish a Section 1031 Exchange. Related Terms: Contracts,Read more
Sep 24, 2004 To assist you in the consideration of this property prior to the submittal of an offer, the attached disclosures, reports and advisories areRead more
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