Net lease glossary
Identification Period (45 Days)
The 45-day window after closing the relinquished property during which a 1031 exchanger must formally identify replacement properties in writing.
In a delayed 1031 exchange, the investor has 45 calendar days from the transfer of the relinquished property to identify potential replacement properties in a signed written document delivered to the qualified intermediary or another permitted party. Rules allow identifying up to three properties of any value, any number of properties whose total value does not exceed 200% of the relinquished property's value, or more under the 95% rule. The deadline is not extended for weekends or holidays.