*** Suggested Language Used by The Exchanger Selling a Relinquished Property When Using Equity 1031, LLC As A Qualified Intermediary:

Purchaser acknowledges that Seller is disposing of the subject property in a transaction intended by Seller to qualify as a like-kind exchange under Internal Revenue Code §1031 (Exchange), and that Seller will assign this Agreement to Equity 1031, LLC performing as a qualified intermediary (QI) to complete the Exchange.

Purchaser agrees to cooperate with Seller to effect such Exchange as long as (i) Purchaser incurs no additional expense or liability, and (ii) after the close of escrow and transfer of title to Purchaser, Seller shall remain liable for all of Seller’s representations and warranties that will survive the close of escrow under this Agreement, notwithstanding the assignment of this Agreement to QI.

*** Suggested Language Used by The Exchanger Purchasing a Replacement Property When Using Equity 1031, LLC As A Qualified Intermediary:

Seller acknowledges that Purchaser is acquiring the subject property in a transaction intended by Purchaser to qualify as a like-kind exchange under Internal Revenue Code §1031 (Exchange), and that Purchaser will assign this Agreement to Equity 1031, LLC performing as a qualified intermediary (QI) to complete the Exchange. Seller agrees that, at closing, Seller shall sign a form acknowledging Seller's consent to the assignment of this Agreement to QI.

Seller further agrees to cooperate with Purchaser to effect such Exchange, provided that Seller incurs no additional expense or liability, and further provided that, after the close of escrow and transfer of title to Purchaser, both parties shall remain liable for all of their respective covenants, representations, and warranties that will survive the close of escrow under this Agreement, despite Purchaser’s assignment of the Agreement to QI.