Partition And Exchange Agreement With Qualified Intermediary In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00410
Format:
Word;
Rich Text
Instant download
Description
This Partition Agreement is an Agreement for the Partition and Division of Real Property. This is a Voluntary agreement to partition and divide real property. This Agreement can be used in any state. This Agreement is to be signed in front of a notary public.
Free preview
Form popularity
More info
"Agreement" has the meaning set forth in the introductory paragraph of this Agreement. Homeless clients may fill out an Applicant Residency Statement as proof of Travis County residency.They must then select a qualified intermediary (QI), who will hold the proceeds from the sale of the relinquished property and facilitate the exchange process. A 1031 exchange is the exchange of a business or investment property for a business or investment property of a similar value. The use of a Qualified Intermediary is essential to completing a successful IRC §1031 Tax Deferred 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.