20) WHAT IS TENANT-IN-COMMON OWNERSHIP?
Tenant-In-Common Ownership represents co-ownership between two or more investors. Rather than owning 100% of a smaller property, the investor receives a separate deed to an undivided interest in a much larger property. A properly structured TIC is not a partnership, instead, each co-owner has the same rights as would a single owner.
TIC property ownership is popular because investors can enjoy the benefits of appreciation, cash flow, depreciation and flexibility without the management headaches of owning commercial real estate. TIC ownership provides investors the benefit of financial diversification, spreading risk through multiple properties. Diamante provides investors the ability to acquire quality real estate with professional property and asset management services.
