Thursday, July 17, 2008
What is a TIC: Call Agreement?
A TIC is a form of vesting title to property that is owned by any two individuals together but who are unmarried. Each tenant in common owns a share of the property and each tenant is entitled to a comparable portion of the income from the property. As a result they must bear an equivalent share of the expenses involved.
As with any other investment, there are certain advantages and risks that are going to be involved with a TIC: Call Agreement. A few of the advantages include pre-arranged financing, increased potential for cash flow, flexible size, professional management, and investment diversification.
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