What is co-ownership of income property ?
Co-ownership refers to real estate owned by more than a single owner, where each owner purchases an undivided, fractional interest in the asset. Each co-owner receives an individual deed at closing for his or her undivided percentage interest in the entire property. TIC co-owners are not required to own equal interests in the property and ownership interests can be sold or inherited according to tenant-in-common inheritance, survivorship and death guidelines. The TIC co-ownership structure enables the average person the opportunity to own larger institutional-quality commercial property, and to enjoy the benefits of professional property management.
