Common use of 1031 Tax Exchange Clause in Contracts

1031 Tax Exchange. A material part of the consideration to Buyer for purchasing the Property from Seller and Seller selling the Property to Buyer is that both Buyer and Seller have the option to qualify this transaction as part of a tax-deferred exchange under Section 1031 of the Internal Revenue Code.

1031 Tax Exchange. A material part of the consideration to Buyer for purchasing the Property from Seller and Seller selling the Property to Buyer is that both Buyer and Seller have the option to qualify this transaction as part of a tax-tax- deferred exchange under Section 1031 of the Internal Revenue Code.