You really want to make sure that everything is properly in place and never rush through with something like this. Every detail needs to be in place, checked and double checked in order to make sure that everything is ready to go through.
There are many benefits that you can receive from a TIC, and it is definitely an investment that is worth checking into, especially if you are interested in purchasing real estate of any sort and making as large of an investment as possible.
Showing posts with label tenants in comon. Show all posts
Showing posts with label tenants in comon. Show all posts
Wednesday, August 13, 2008
What is a TIC: Call Agreement? - Part 1
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.
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