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<p class="MsoNormal"><span style="color:#1F497D">Here is form I use it can be modified depending on circumstances and I have used it in 1031 situations<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><span style="color:#1F497D">Bryce H. Dille<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Dille Law, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">2010 Caton Way SW Ste. 101<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Olympia, WA 98502<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Office: 360-350-0270<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Cell: 253-579-5561<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">** Please note that I use the dictation feature of my iPhone and that sometimes everything I say does not get properly translated**<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">This transmission contains confidential attorney-client communications and may not be disclosed to any person but the intended recipient(s). If this matter is transmitted to you in error, please notify the sender
immediately. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">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.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Rani K. Sampson<br>
<b>Sent:</b> Monday, November 8, 2021 1:07 PM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBARP] TIC agreement for 1031 ?<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<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">must
<u>not</u> </span><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:#203864;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"><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" style="margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo3">
<![if !supportLists]><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#1F3864"><span style="mso-list:Ignore">1)<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#1F3864">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></p>
<p class="MsoNormal" style="margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo3">
<![if !supportLists]><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#1F3864"><span style="mso-list:Ignore">2)<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#1F3864">Any templates for a Property Management agreement (New LLC controlled by Friends that will collect & disburse rents)?<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">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:image002.jpg@01D7D4A6.A90B03D0"><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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