Tenants-In-Common
Tenants-In-Common (TIC) ownership is an investment in a large institutional quality property by up to 35 accredited investors. At closing, a TIC owner receives an individual deed for his or her undivided fractional interest in the entire Tenants-In-Common property.
Tenants-In-Common property owners have the same rights as an individual property owner and receive a proportionate amount of net income or losses, gain or loss of market value, tax benefits and risks associated with a Tenants-In-Common investment property.
Tax professionals, legal advisors and qualified intermediaries should be consulted to determine if a Tenants-In-Common property investment qualifies for Safe Harbor provisions. Northland Securities, Inc. does not provide tax or legal advice. Tenants-In-Common properties offered through Northland Securities, Inc. are offered by official offering memorandum to eligible accredited investors.