This research guide includes information and resources on partition. When there are multiple claimants or joint owners to real or personal property,.Intermediary agrees to act as a qualified intermediary within the meaning of Treasury Regulations. Section 1.1031(k)-1(g)(4). This is a document through which the parties agree that particular property will be "separate property" and will not be divided. Details about spouses partitioning or exchanging community property between themselves are in the Texas Family Code section 4.102. The following is an explanation of the step-by-step process that a taxpayer and their qualified intermediary need to follow to complete a basic 1031 exchange. That the investor has a qualified intermediary to facilitate the 1031 exchange and ensure that the transaction is completed with IRS guidelines in mind.