Cooperation Clause

Concept of Cooperation Clause in the context of Real Property

A short definition of Cooperation Clause: A clause in the purchase agreements of both the relinquished and replacement properties in a 1031 exchange stating that the parties agree to do what is required (cooperate) by the IRS rules.

Concept of Cooperation Clause in the context of Real Property

A short definition of Cooperation Clause: A clause in the purchase agreements of both the relinquished and replacement properties in a 1031 exchange stating that the parties agree to do what is required (cooperate) by the IRS rules.