[WSBARP] TIC agreement for 1031 ?

[Rani K. Sampson]

Two friends are each selling their individual investment properties.  Together, they'll buy a target property that they'll own 60/40.

The IRS will allow each of them to 1031 exchange into the target property IF they comply with Rev Proc 2002-22:  They must not conduct business under a common name or otherwise hold itself out as a partnership or other form of business entity.


  1.  Do you have any templates for a TIC Agreement between these friends who will co-own property but will not be partners?
  2.  Any templates for a Property Management agreement (New LLC controlled by Friends that will collect & disburse rents)?

Thank you,

                 Rani K. Sampson
[cid:image001.png at 01D7D4A0.626F82D0]
                 23 S Wenatchee Ave #320
                 Wenatchee WA 98801
                 (509) 663-5588 x 108

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