Addendum

TXR 1956 — Addendum for Section 1031 Exchange

This addendum notifies the other party that either the buyer or seller intends to structure the transaction as part of a like-kind exchange under Section 1031 of the Internal Revenue Code. It establishes the duty of the non-exchanging party to reasonably cooperate with the exchange, subject to two k

Source: TXR
Form Number: 1956
Category: Addendum
Revised: November 4, 2024

Used For

Residential Sales, Commercial Sales, Farm & Ranch, Vacant Land

Form Outline

The TXR 1956 form is organized into the following sections:

  1. Property Identification
    Identifies the property address that is the subject of the 1031 exchange addendum.
  2. Exchange Intent Declaration
    Identifies which party (buyer or seller) intends to use this property transaction as part of a Section 1031 like-kind exchange under the Internal Revenue Code.
  3. Cooperation and Protections
    Establishes the duty of both parties to reasonably cooperate with the 1031 exchange, subject to two protections for the non-exchanging party: no additional expense or liability, and no closing delay.
  4. Signatures
    Signature lines for all buyers and sellers to execute the addendum.

How RaiderX Agents Use This Form

When you upload a signed TXR 1956 to a deal in RaiderX's Deal Manager, it reads the form's key dates and terms and automatically builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing. Forms with a fill map also support e-signature directly inside RaiderX, so you can send this document for signature without leaving the platform.

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