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Get Old Republic Exchange Facilitator Company Exchange Contract Addendum (seller) 2012-2025
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How to fill out the Old Republic Exchange Facilitator Company Exchange Contract Addendum (Seller) online
This guide provides clear instructions on how to complete the Old Republic Exchange Facilitator Company Exchange Contract Addendum (Seller) online. Whether you are an experienced user or new to digital document management, this step-by-step approach will help you fill out the necessary fields accurately.
Follow the steps to complete your addendum effectively.
- Click ‘Get Form’ button to access the document and open it in the designated editor.
- In the first section, fill in the date when the addendum is being executed. This date is crucial for record-keeping.
- Next, provide the date of the Purchase and Sale Agreement. This helps establish the timeline of the transaction.
- In the space designated for the real property, fill in the name and address of the property involved in the transaction. Be thorough to avoid any confusion later.
- Review the section outlining the intent of the seller to utilize the transaction as part of a tax-deferred exchange under Internal Revenue Code Section 1031. Ensure all details regarding the seller’s intention are clear.
- Note that the buyer acknowledges the seller's rights and obligations under the Purchase and Sale Agreement may be assigned to Old Republic Exchange Facilitator Company as a Qualified Intermediary. Confirm that this acknowledgment is clearly stated.
- Indicate that the seller’s exchange will not delay the closing or incur any expenses for the buyer. This clause is essential for ensuring a smooth transaction.
- Move on to the signature section. Both the seller and buyer must sign and date the document. Ensure that each signature is dated correctly.
- Finally, once all fields are completed and reviewed, save your changes. You may then opt to download, print, or share the form as required.
Complete your documents online today for a seamless transaction experience.
After attaching the addendum, all parties involved in the original purchase agreement must consent to the addendum. This consent can be obtained through signatures from all parties involved. Once all parties have signed the addendum, it becomes a legal contract.
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