A lease is a contract in which, for a payment of rent, the party entitled to the possession of the single family rental investment property or other type of real property (lessor) transfers those rights to another (lessee) for a period of time.
If after learning a bit more about Leases you are curious to see how your current Investment Portfolio would benefit from performing a 1031, then I recommend signing up to receive a FREE 1031 Sizing from Conatus.
This sizing gives you info about the value of replacement properties you need to purchase and the amount of related debt on this purchase to fully defer your capital gains associated tax liability.
As an added benefit you will receive a comparison of your current income vs potential replacement property income that includes an assessment of income tax benefit between the
The Conatus 1031 Sizing is your blueprint for how to maximize cash flow from trading your equity for a multiple on income.Get My 1031 Sizing