Sample Language for your
Buyer herein acknowledges that it is the intention of the seller to create an IRS Code Section 1031 Tax-Deferred Exchange and that the seller's rights and obligations under this agreement may be assigned to Pioneer 1031 Company to facilitate such exchange. Buyer agrees to cooperate with the seller in a manner necessary to enable seller to initiate said exchange at no additional cost or liability to the buyer.
Sample Language for your
Seller hereby acknowledges that it is the intention of the buyer to complete an IRS Code Section 1031 Tax-Deferred Exchange and that the buyer's rights under this agreement may be assigned to Pioneer 1031 Company for the purpose of completing such exchange. Seller agrees to cooperate with the buyer in a manner necessary to complete said exchange at no additional cost or liability to the seller.