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<p class="MsoNormal">I recommend using the form from Mary Foster's book. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b><i>Kathleen J. Hopkins <o:p></o:p></i></b></p>
<p class="MsoNormal">Real Property Law Group, PLLC <o:p></o:p></p>
<p class="MsoNormal">1326 Fifth Avenue, Suite 654 <o:p></o:p></p>
<p class="MsoNormal">Seattle, WA 98101 <o:p></o:p></p>
<p class="MsoNormal">Phone & Fax: (206) 625-0404 <o:p></o:p></p>
<p class="MsoNormal">Home <b>(please use during pandemic)</b>: 425-844-2749<o:p></o:p></p>
<p class="MsoNormal">email: khopkins@rp-lawgroup.com <o:p></o:p></p>
<p class="MsoNormal"><a href="http://www.rp-lawgroup.com/">www.rp-lawgroup.com</a>
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b>*Licensed in Washington State.</b><b><span style="font-size:12.0pt;color:red"><o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;color:red"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;color:red">PLEASE NOTE: I AM GOING ON AN UNPLUGGED, TROPICAL VACATION NOV. 17-DEC. 7. MY COLLEAGUES WILL COVER MY DEALS WHILE I TAKE A BREAK.<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><o:p> </o:p></b></p>
<p class="MsoNormal"><b><span style="color:red"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b>This message is protected by the attorney-client privilege and the work-product doctrine; if you are not the intended recipient of this message please let the sender know you received it in error and please delete this message. Thank
you.<o:p></o:p></b></p>
<p class="MsoNormal"><b><o:p> </o:p></b></p>
<p class="MsoNormal"><b>Pursuant to U.S. Treasury Regulations concerning tax practice, you are advised that this message is not intended or written to be used, and it cannot be used, by anyone for the purpose of avoiding penalties that may be imposed under
any tax laws; or promoting, marketing or recommending to another party any transaction or matter addressed herein.
<o:p></o:p></b></p>
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<p class="MsoNormal"><o:p> </o:p></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>
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoListParagraph" style="color:#1F3864;margin-left:0in;mso-list:l1 level1 lfo3">
<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:l1 level1 lfo3">
<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 border="0" width="157" height="35" style="width:1.6354in;height:.3645in" id="Picture_x0020_1" src="cid:image001.png@01D7D4AA.23884160"></span><span style="color:#1F3864"><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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