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1031 TIC Exchange Requirements

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1031 TIC Exchange Requirement

Four requirements for all 1031 TIC exchanges and tenant in common exchanges:

  • One hundred percent of the value of the relinquished investment real estate must be reinvested in the like kind investment real estate or investment real estate at the time of the exchange.

  • The amount of equity held in the relinquished investment real estate must be less than the amount of equity held in the new, replacement investment real estate or investment real estate.

  • Third, each real estate owner must use a Qualified Intermediary (QI) to oversee the transaction. A QI is a qualified individual that prepares the paperwork, holds all proceeds from the transaction, and provides any technical advise on the exchange process.

  • Finally, all 1031 TIC exchanges require the exchange of like kind investment real estate for other like kind property. A definition of such may be found in IRS section 1031.

    For more information on 1031 TIC exchanges or tenant in common exchanges, or to be put in contact with a licensed 1031 TIC advisor, contact us today!




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