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Maryland 1031 Exchange Requirements

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1031 Exchange-TIC Info
Difficulty Finding NNN Property? Consider NNN Tenant in Common.
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In order to incur all the benefits of a tenants in common exchange, each exchange must satisfy all of the requirements.

  • First, 100% of the monies earned on the sale of the relinquished maryland income property must be reinvested into the second maryland income property.

  • Second, the debt on the like kind replacement maryland income property must be equal to or greater than the debt held on the relinquished maryland income property.

  • Third, each maryland property investor 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 maryland 1031 exchanges require the exchange of like kind maryland income property for other like kind property. A definition of such may be found in internal revenue code.

    For more information on maryland 1031 exchanges or tenants in common exchanges, or to be put in contact with a licensed maryland 1031 broker, contact us today!




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