[WSBARP] TIC agreement for 1031 ?

[Bryce Dille]

Here is form I use it can be modified depending on circumstances and I have used it in 1031 situations

Bryce H. Dille
Dille Law, PLLC
2010 Caton Way SW Ste. 101
Olympia, WA 98502
Office: 360-350-0270
Cell: 253-579-5561

** Please note that I use the dictation feature of my iPhone and that sometimes everything I say does not get properly translated**

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Business Entity Creation and Management, Business, Government and Tax Law, Real Estate and Land Use, Residential, Commercial and Condominium Development Real Estate and Commercial Transactions & Closings, Including Performing Services as IRS Section 1031 Exchange Facilitator Estate Planning, including Wills and Trusts, and Probate Administration Representation Homeowners/Condominium Association Real Estate Developments Real Property Foreclosures and Forfeitures.

From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Rani K. Sampson
Sent: Monday, November 8, 2021 1:07 PM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] TIC agreement for 1031 ?

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:image002.jpg at 01D7D4A6.A90B03D0]
                 23 S Wenatchee Ave #320
                 Wenatchee WA 98801
                 (509) 663-5588 x 108

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