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<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#1F3864">Two friends are each selling their individual investment properties. Together, they’ll buy a target property that they’ll own 60/40.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#1F3864"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#1F3864">The IRS will allow each of them to 1031 exchange into the target property
<b><u>IF</u></b> they comply with Rev Proc 2002-22: They </span><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#203864;mso-style-textfill-fill-color:#203864;mso-style-textfill-fill-alpha:100.0%">must
<u>not</u> </span><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:#203864;mso-style-textfill-fill-color:#203864;mso-style-textfill-fill-alpha:100.0%;background:white">conduct business under a common name or otherwise hold itself out as
a partnership or other form of business entity. </span><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#203864;mso-style-textfill-fill-color:#203864;mso-style-textfill-fill-alpha:100.0%"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#1F3864"><o:p> </o:p></span></p>
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoListParagraph" style="color:#1F3864;margin-left:0in;mso-list:l0 level1 lfo1">
<span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif">Do you have any templates for a TIC Agreement between these friends who will co-own property but will not be partners?<o:p></o:p></span></li><li class="MsoListParagraph" style="color:#1F3864;margin-left:0in;mso-list:l0 level1 lfo1">
<span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif">Any templates for a Property Management agreement (New LLC controlled by Friends that will collect & disburse rents)?<o:p></o:p></span></li></ol>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#1F3864"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#1F3864">Thank you,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#1F3864"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:#142440"> Rani</span></b><b><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#142440"> K. Sampson<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="color:#1F3864"><img width="157" height="35" style="width:1.6354in;height:.3645in" id="Picture_x0020_1" src="cid:image001.png@01D7D4A0.626F82D0"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:#142440"> 23 S Wenatchee Ave #320<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:#142440"> Wenatchee WA 98801</span><span style="font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:#003300">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:#142440"> (509) 663-5588 x 108</span><span style="font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:#003300"><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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