![]() | |
![]() | |
![]() |
Real Estate Information |
|
![]() |
Tenants in Common (TIC)
Tenants in Common is a way of sharing ownership of property among two or more people. Each tenant holds an undivided interest in the property, and each tenant may own a different size portion of the property. Tenants in common ownership may be established in many different ways: through a will, deed, or other document of title. Today Tenants in Common (TIC) ownership has become a popular way for people to complete 1031 tax deferred exchanges when they hold title as an individual or other entity and would like to participate in a partnership or partnership style structure. Other people are using Tenant in Common structures to purchase multi-family real estate that may be suitable for a condominium (condo) conversion after a certain seasoning period. There are other benefits to owning property as Tenants in Common as well. For people looking to diversify, TIC structures allow you to invest in larger properties, different types of investment property and different geographic markets. Perhaps you are looking to move up to institutional grade or single tenant properties with triple net lease arrangements. You may also benefit from fixed-rate, non-recourse financing with institutional terms for tenants in common owners. This type of financing with 5-10 year terms is usually not available to small, single investors. Many, perhaps most, tenants in common arrangements are created through inheritance whereby the decedent's will leaves property to intended heirs with or without specifying the size of interest that each is to receive. One of the most attractive features of a TIC structure is that acquiring an interest in investment property as tenants in common does not preclude you from buying investment property on your own in a subsequent 1031 tax deferred exchange. Returning to sole ownership is always an option should your investment preferences change. Is the Tenant in Common Structure Flexible? A tenants in common ownership interest can be purchased, sold, gifted, bequeathed by will, or inherited, and is subject to property taxes, gift tax, estate and inheritance taxes in the same manner as any property held in fee simple (single) ownership. Upon the death of a tenant in common, his or her interest in the property passes through inheritance as directed in the will or other estate planning documentation and does not divide among the other owners as there is no right of survivorship an important difference from joint tenancy ownership. Tenant's rights Each tenant has unrestricted rights of access to the property subject to the equivalent rights of the other tenants. Each tenant in common can petition for and secure a division of the property at any time. The partition usually will result in the petitioner being granted exclusive ownership of a portion of the property the court views as equivalent to his or her previous undivided interest. Or, the judge may order that the property be sold and the net proceeds divided among the tenants in the same proportion as their respective ownership interests. Neda Dabestani-Ryba is a licensed Realtor in Maryland. She is a member of the President's Circle of Top Real Estate Professionals. She can be reached at (800) 536-3806 or visit her website for more information: http://neda.dabestani.pcragent.com/Prudential Carruthers REALTORS is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity.
MORE RESOURCES: 'Nepo homebuying' isn't as popular as it used to be. That's actually a bad sign for the US real estate market. Business Insider The ‘Most Colorful Home in Queens’ Has a Dark Secret The New York Times Chicago Fire, Related Midwest win city panel OK for South Loop soccer stadium Crain's Chicago Business Jennifer Lawrence quietly sold a big-dollar Beverly Hills home — is she doubling down on New York? New York Post Israel’s far-right finance minister suggests a real estate ‘bonanza’ in Gaza will follow the war CNN Massive portfolio of Eastern Market real estate hits the market Crain's Detroit Business How the East Baton Rouge commercial real estate market is performing Baton Rouge Business Report Exclusive | NYC Real-Estate Firm Nears Deal to Buy Troubled Office Landlord Paramount The Wall Street Journal Babson Launches New Institute for Real Estate and Entrepreneurship · Babson Thought & Action Babson College How AI is transforming real estate Times Union Former Mall at Turtle Creek property sold, real estate developer confirms Jonesboro Right Now MoxiWorks continues to fortify its executive team Real Estate News by RealEstateNews.com Real Estate Transfers: Sept. 18, 2025 The Suffolk Times Duquesne University to offer real estate major TribLIVE.com Inked: Long Island retail and industrial real estate deals Long Island Business News Ascot sues to cap E&O payouts after costly real estate wire fraud Insurance Business America Firm Real Estate Puts 21 Properties Up for Sale in Eastern Market District DBusiness Magazine The Top Tech Tools Giving Real Estate Agents a High-Tech Edge National Association of REALTORS® IMAGE Studios Franchise: A Scalable Real Estate Investment 1851 Franchise This CHILLING New Real Estate Scam Could Cost You Everything House Beautiful UL Interview: Q&A with ULI Chief Impact Officer Aimee Witteman on Commercial Real Estate and Climate Action Urban Land Magazine Real Estate Transactions: Sept. 19, 2025 Greenfield Recorder Early Education Nonprofit Moves from Lexington to Woburn Boston Real Estate Times Hempel Real Estate acquires 80,000-square-foot medical laboratory property in Maple Grove REJournals KKR Expands Boston Footprint with 132,000-SF Lease at International Place in Landmark 15-Year Deal — One of 2025’s Largest Office Transactions Boston Real Estate Times South Bay tech campus is taken by lender in real estate foreclosure The Mercury News Much of Detroit's popular Eastern Market now up for sale Detroit Free Press Secure the Home With the Top Smart Locks of 2025 National Association of REALTORS® Top residential real estate sales for September 1-5 in Sarasota, Siesta Key, Palmer Ranch, Osprey, Nokomis Your Observer Lot Lines: 2025 Commercial Real Estate Summit The Journal Record Real Estate Mrkt. Steady, Prices Coming Back to Pre-COVID Woodall's Campground Magazine Former Pentagon Real Estate Director returns to lead NAVFAC Washington business operations MilitaryNews.com Shelter Island Reporter Real Estate Transfers: Sept. 18, 2025real estate Shelter Island Reporter Threlkeld Homes Team joins Wallace Real Estate Knox TN Today Greenwood Village-based real estate firm acquires Corporate 25 office campus in Centennial The Denver Post Don Giesler Sr. remembered for four decades in real estate Perryville Republic Monitor Israel’s far-right finance minister suggests a real estate ‘bonanza’ in Gaza will follow the war WRAL.com Best Real Estate Projects 2025: McClellan Jet Services FBO The Business Journals Could interest rate cuts help jumpstart Cape Coral housing market? Local brokers weigh in Fox4Now.com Best Real Estate Projects 2025: Crawdads on the Lake The Business Journals Real Estate Investing / The Real Deal Monthly Meetup Dundalk Eagle Homes for Sale in Manhattan and Brooklyn The New York Times How a 43-story tower got the green light to build The Charlotte Ledger Homes for Sale in New Jersey and New York The New York Times NY Real Estate Mogul Parts With His Multi-Award-Winning Superyacht After Just Five Years autoevolution A guide to how counteroffers work in real estate The Daily Gazette When a College Dies, Who Gets the Campus? Bloomberg.com Real estate will ‘work closely with Mayor Mamdani,’ REBNY chief Whelan says Crain's New York Business Salisbury’s August real estate sales The Lakeville Journal Officials close eight Puerto Morelos real estate developments for irregularities - Riviera Maya News Smotrich says Israel sitting on a 'real estate bonanza' in Gaza, talking to the US about dividing it up The Times of Israel How much were the 10 most expensive reported home sales in Hernando and Citrus last week? Tampa Bay Times The Best Time to Buy a Home Is Coming Up—Here's When to Score a Real Estate Deal - marthastewart.com |
![]() |
![]() |
![]() |
RELATED ARTICLES
How You Will NOT Make Money in Real Estate We all have seen some book called "How I Turned my last dollar into $1 Million by buying real estate in my spare time". Some of us even bought such books on an impulse with high expectations. Hurricane Katrina And The Impact On Real Estate Prices In the wake of Hurricane Katrina's wide path of destruction, the real estate market will be affected perhaps in ways not fully understood or expected. If recent hurricane recovery history holds true there will be several good things to come out of all destruction. Burn, Baby, Burn! Luxury homes are lots of fun to inspect. Sure, the pay is better too, but mostly it's just fun to see how the other half lives! I also get to meet those people who have reached such a level of financial success that they are buying a home that seems like it could have been a boarding school!One of the fun aspects of inspecting large and expensive homes is seeing furnishing and interior design work at the highest level. Real Estate Remains A Strong Investment Opportunities to make big, quick profits in residential real estate tend to come and go in cycles. When a local market is hot, families may find it possible to buy a house at an attractive price, fix it up, and watch its value rise in just a few years. Real Estate Investing Is A Better Gamble Than The Lottery Real estate investing begins when you move to the starting point.Get ready. Real Estate Investing - Makeovers vs. Flipping Please don't call it "flipping."Some real estate investors who practice the technique of buying property for immediate fixup and resale call it "flipping houses. Using The Internet In Your Lease Purchase Business First you need to find a list of For Sale By Owner Sites. You do this by going to one of the major search engines. What is a Home Inspection? Any Sally and Sam Homebuyer can look at a home and decide whether it is attractive. They might notice it is freshly painted in pleasing colors, has the requisite number of rooms, a cook's kitchen and is located in a location with top schools. Selling Your Home Yourself - Pricing It Appropriately When you're selling your own property, whether it's a house, townhouse, condo, apartment, a finished lot, raw land, a farm, a ranch, or whatever, the first thing to get right is the price you ask for it. If you work with a broker, the legwork is done for you. Take The Guess Work Out Of Your Wholesale Property Purchases We have become very concerned by the number of readers writing to us asking how to determine which are the wholesalers(*) that can be trusted. Why are we concerned? Because when we dig a little deeper, we realize that they are buying properties based solely on the recommendation of the wholesaler. San Diego Real Estate San Diego is home to millions of beautiful apartments, condominiums, and single-family homes. Depending on the type of living arrangement you're looking for, and how much space you'll need, you should look at the appropriate San Diego real estate listings that fit your preferences and budget. If You are Hiring a Neighborhood Specialist to Sell Your Home, there are Some Things You Absolutely My husband and I were eating breakfast at the Good Egg the other morning and couldn't help but over hear a fellow talking to his elderly parents about their home. It was fairly obvious that his father had a hard time hearing and the louder he talked the more I was tuning in to what he was saying. Real Estate Investments Real estate investments come through a variety of different options. However, whether it is a vacation property, a first home, an early retirement house, or a rental property that you find appealing, real estate investments are all the rage, and are quickly becoming one of the safest investments available, especially in our less-than-perfect economy. Quality of Life in Sussex County Delaware. Facts, Statistics, Observations and even opinions! We Sussex Countians are fortunate in many ways as we have a wonderful quality of life here.Climate:Our climate for one thing is the best in the region. Rehab Your Way to Wealth: The Quick Way to Fixer-Upper Success Completely rebuilding a house is not necessary to make money in investment real estate. Most times, if you have bought smart, you won't have to make a huge improvements on your investment property. How to Use Design Psychology to Stage Your Home for a Top-Dollar Sale A new business venture to help home sellers, home staging, assists property owners in preparing their home for the best possible sale. Home stagers visit your home and either tell you how to redesign it or actually do the work for you. Why I Love Country Living As somone who has lived in both places, I can tell you that country living certainly beats the hustle and bustle of city life! Living in a rural area has advantages that simply can't be bought at any price.In the city I was bombarded with the sounds of horns blowing and sirens blaring. How Come No One Told Us About This When We Were Buying a Home? Development, it's bound to happen.Simply because there is a large open field, or the property you're looking at borders woods, doesn't mean it will or can stay that way in the future. Finance Your Real Estate Investment Properties Unlike traditional residential real estate mortgages, real estate investment financing is way more creative and offers more options than you think. The golden rule in real estate investment is OPM (Other People's Money). Prepare Your House for a Successful Sale Whether you list with an agent or sell on your own, you can ensure a quick sale by proactively preparing your house to be a highly marketable and attractive commodity.Paradigm ShiftDon't wait for the sold sign to get started with packing. ![]() |
home | site map |
© 2006 TIGER MEDIA |