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Does a 1/10th interest mean ownership as tenants-in-common, TIC?

April 26, 2017mean ownership tic

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Does a 1/10th interest mean ownership as tenants-in-common, TIC?

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Yes. There will be a total of ten owners, each with an undivided, 1/10th interest. Title is held by grant deed with all owners as “tenants in common” as this is the only legal way for unrelated owners to hold title. Each owner controls their 1/10th interest and can sell, deed or gift it.