About Orange County 1031 Exchanges - Step Five - Title Requirements

With a 1031, the Ownership of the Sold Property and of the Purchased Property Need to be the Same.

1031 rules require that whomever owned the old property must now own the new property. If a partnership owned the old property, then the same partnership, with all the same partners, must take title to the new property.

The same applies to corporations, partnerships, trusts, LLCs and other forms of ownership.

If a couple held title to the old property, then they must hold title to the new one…if one is missing, the 1031 fails.