Common use of Simultaneous Exchange Clause in Contracts

Simultaneous Exchange. Landlord may attempt to identify before the close of escrow other property which qualifies as “like-kind” property for a 1031 Exchange (the “Target Property”) by giving written notice to Tenant and identifying to the escrow holder the Target Property prior to the close of escrow.

Simultaneous Exchange. Landlord may attempt to identify before the close of escrow closing other property which qualifies as “"like-kind” " property for a 1031 Exchange (the “Target Property”"TARGET PROPERTY") by giving written notice to Tenant and any escrow holder and identifying to the such escrow holder the Target Property prior to the close of escrowclosing.