Tenants-in-Common
Tenants-in-Common Investment Overview
In a Tenants-in-Common (TIC) structure an investor owns an undivided fractional interest in real property and shares pro-rata in all the expenses and income of the property as well as depreciation benefits. Tenants-in-Common real estate investors receive a recorded deed for their fractional interests in the property. 1031 exchange investors may find suitable replacement property in the form of Tenants-in-Common ownership. And Tenants-in-Common offerings are often pre-arranged with financing allowing for a simpler and faster closing of 1031 exchange replacement property. Learn more about common Tenants-in-Common benefits and potential Tenants-in-Common risks.
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What is a Tenants-in-Common Investment?
Tenants-in-Common Fractional Ownership of Real Estate
Tenants-in-Common (TIC) became popular in 2002 after the IRS issues Revenue Ruling 2002-22 governing the needed structure of Tenants-in-Common real estate. In a Tenants-in-Common structure an investor owns an undivided fractional interest in real property and shares pro-rata in all the expenses and income of the property as well as depreciation benefits. Tenants-in-Common investors receive a recorded deed for their fractional interests in the property.
1031 exchange investors may find suitable replacement property in the form of Tenants-in-Common ownership. TIC offerings are often pre-arranged with financing allowing for a simpler and faster closing of 1031 exchange replacement property.
Tenants-in-Common Fractional Ownership
The acronym “TIC”, which stands for tenancy in common and Tenants-in-Common, refers to arrangements under which two or more people co-own a parcel of real estate without a “right of survivorship”. This type of co-ownership allows each co-owner to choose who will inherit his/her ownership interest upon death. By contrast, the type of co-ownership called “joint tenancy” requires that each co-owner’s interest pass to the other co-owners upon death. The broader terms “fractional ownership”, “shared ownership, and “co-ownership” encompass all arrangements involving two or more owners, including tenancy in common and joint tenancy.
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