Buyer agrees to cooperate with Seller and Exeter 1031 Exchange Services, LLC at no additional cost or liability to Buyer by performing the documents necessary to complete Seller`s 1031 Exchange transaction. Buyer acknowledges that Seller intends to conduct a tax-deferred exchange in accordance with Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations, and that Seller`s rights, title and interest (but no obligation) hereunder [insert name of purchase and sale agreement or purchase agreement or escrow instructions] are attributed to the Exeter 1031 Exchange Services; LLC, as Seller`s qualified agent, for the purpose of closing Seller`s 1031 Exchange transaction. Exeter 1031 Exchange Services, LLC is pleased to provide you and your legal, tax or financial advisors with the following sample language for the 1031 Exchange cooperation clause that can be used in a purchase and sale agreement. This wording of the cooperation clause may not be appropriate or appropriate for your specific situation. 1031 exchanges are extremely complex transactions. You should always consult with legal, tax and financial advisors to choose the most appropriate language of the cooperation clause for your specific 1031 Exchange transaction before executing purchase and sale contracts, escrow instructions, tax-deferred exchange agreements and/or other related transaction documents. Seller agrees to cooperate with Buyer and Exeter Asset Services Corporation at no additional cost or liability to Seller by signing the documents and deeds necessary to complete Buyer`s reverse 1031 exchange transaction, including any assignment, confirmation, notice and instruction to transfer ownership to the new limited liability company. . . . Abandoned property (sale or disposal). .
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