From a Tenancy In Common (TIC) to a Condo — 6 Reasons to do a Condo Conversion

<h1>Prelude</h1> <p><a href="https://www.deniz.io/" rel="noopener ugc nofollow" target="_blank">Deniz Kahramaner</a>&nbsp;is the Founder &amp; CEO of the&nbsp;<a href="https://www.deniz.io/" rel="noopener ugc nofollow" target="_blank">data driven Real Estate Brokerage Atlasa</a>. His mission is to help home buyers understand the tradeoffs of different home options using big data and analytics. Feel free to reach out to Deniz if you need help with TICs at [email protected]</p> <h1>TLDR: What is a TIC?</h1> <p>Tenancy in common (TIC) is a form of ownership where an entire building is divided into percentage stakes between multiple owners.</p> <p>Each owner receives the exclusive right to occupy a particular space that is delineated in a TIC agreement. The percentage ownership (e.g. John Doe owns 7.8% of the building) is shown on the title (grant deed) of the property.</p> <p><a href="https://denizkahramaner.medium.com/san-francisco-tenancy-in-common-tic-condo-conversion-2abc8dc8ac69"><strong>Visit Now</strong></a></p>
Tags: Tenancy Common