This page includes forms, fees, and instructions for all domestic business entities, foreign and domestic Registered Agents, and Washington Trademarks. Washington 1031 Exchange rules allow investors to defer capital gains on sale of qualified property if exchanged for like-kind property.THIS LAND EXCHANGE AGREEMENT ("Agreement") is made between the PUBLIC. UTILITY DISTRICT NO. 1 OF CHELAN COUNTY, Washington, a municipal corporation. This attachment is provided as sample language to include in Confidentiality Agreements. You do not need to complete and return this form with your agreement. Only the Exchange's Chief Executive Officer, or designee, has the authority to commit the Exchange to any purchase, contract, or agreement. A property exchange agreement is a contract between two parties in which each party agrees to exchange specific assets. "Purchase(s)" includes a contract to purchase, an exchange or contract to exchange, or an option to purchase. 2. TERM.