Balanced Exchange
A tax free exchange of properties under Section 1031 of the Internal Revenue code. To be tax free the taxpayer must invest all of the profit from the relinquished property into the replacement property. See also: Boot.
More Real Estate Definitons
1031 Exchange (1031 tax deferred exchange)Allodial SystemAttorney in factBlind AdCondemnationDefeasance clauseDoctrine of LachesDual AgencyEasementEquitable titleEstoppelExecuted contractFee Simple DefeasibleFiduciary DeedFriableImplied contractMetes And BoundsNet ListingOperating StatementOption ContractPersonal propertyPower of attorneyPrimary MarketsReal Estate ContractReal propertyRecognition AgreementRiparian rightsSecondary MarketsStraight NoteSubordinationSubrogationTenancy in PartnershipTrade fixturesTrust deedTrustor