Accommodating Party
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Accommodating Party
The intermediary in a section 1031 exchange, used especially in a DELAYED (TAX - FREE) EXCHANGE, who holds money or property for a short time to facilitate the exchange.
See qualified intermediary.
Example: After Allen sold his land, the money was held by an accommodating party, then used to buy the new tract of land that Allen wanted.
See qualified intermediary.
Example: After Allen sold his land, the money was held by an accommodating party, then used to buy the new tract of land that Allen wanted.
| Accessory Apartment, Accession | |
| Accommodation Party, Accredited Management Organization (AMO) |
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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