Please enter address for property that you are selling as part of your exchange if there is an address. It can be called an Installment Agreement for Deed or a Contract for Deed or Articles of Agreement for Deed.Learn about the role of an exchange agreement in 1031 exchanges. Find out how this legal document outlines the terms and conditions of the transaction. Probably an ignorant sounding question: Can a property owner 1031 exchange out of a contract for deed once the contract is fulfilled? Both properties in the exchangethe one being sold, and the one being acquiredneed to be investment real estate. Enter into a contract to purchase the replacement property. What issues can come up if you quitclaim deed a property in or out of an LLC just prior to disposing of a relinquished property? If you decide to execute a 1031 exchange using Equity 1031 Exchange as your QI: 1 You go under contract to sell your existing property. The role of the Qualified Intermediary is essential to completing a successful and valid delayed exchange.