2.– TIC

MARILYN J HERNANDEZ MARILYN J HERNANDEZ

MARILYN J HERNANDEZ

PROPERTY MANAGER / 475 UNITS

发布日期: 2022年10月17日
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This term means “TENANCY IN COMMON” and refers to an investment arrangement where two or more individuals share the ownership rights of a property that qualifies under the rules to be used as like-kind in a 1031 exchange. TIC Investments must comply with IRS Rev Proc 2002-22 which has a limit on the number of investors. This gives the TIC entity unique challenges where each investor is named on the mortgage and each investor has the right to vote on decisions concerning the property which can be cumbersome in a co-ownership arrangement. This property can be Commercial or residential. TIC allows investors to own different percentages of a property. Tenants in common can leave their share of the property to anyone of their choice upon their death.

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