Tenancy-In-Common Real Estate Ownership: Current Issues

摘要

This article examines the usage of tenancy-in-common (TIC) ownership of real estate as an ownership structure for first-time investors in commercial properties and as an exchange vehicle under Section 1031 tax-deferred exchanges under the recent IRS Revenue Procedure 2002-22. The article also discusses the controversy involving the extent of, and requirements for, disclosure to prospective investors under the TIC method of real estate transfer and ownership.