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Tenancy in Common

A way for two or more persons to own property together. Tenants in common may own equal or unequal shares of the property, and there are no rights of survivorship. That is, when one of the co-owners dies, his/her share of the property becomes part of his/her estate and passes on to heirs. This is an arrangement common in joint business ventures: if two persons own an apartment complex and one of them dies, his/her share of the complex passes to his/her beneficiaries and does not pass to the other co-owner.

TICs (tenant in common properties)

Almost always pronounced as a word and very rarely called “tenant in common properties.”Investment vehicles that allow persons to buy fractional shares of real estate interests directly,rather than shares of stock,bond certificates,or other intermediate ownership mechanisms.The property may be a high-rise office building on the other side of the country, a retail center,a triple-net lease from a national drugstore chain,oil or gas wells,or any other investment properties. Because of securities and tax law limitations, no more than 35 investors may be involved to jointly own the properties. It allows them to invest in high-quality property that would ordinarily be outside their budgets—most properties that are “tic-ified”cost $30 million or more.

The industry has grown from virtually nothing in 2002—when an IRS ruling clarified the status of such an investment—to many billions of dollars of properties today. An investor has the ability to invest in a TIC as a replacement property in a 1031 exchange.

References in periodicals archive ?
For most children, a comorbid problem - typically attention-deficit/hyperactivity disorder - causes more impairment than their tics.
Treatment for tics may include medications that are used for other illnesses, such as seizure medicines (topiramate), blood pressure medications (clonidine, or guanfacine), or those that block receptors for dopamine (a brain chemical).
Most sponsors know how to structure a TIC that meets IRS requirements, but it pays to consult your tax advisor to ensure that you achieve your tax objectives.
Data are expected at the end of 2007 from two large National Institutes of Health-funded studies evaluating behavioral strategies for tic suppression in children with Tourette's, he said.
TICs are more expensive than traditional acquisitions of real estate.
The most common first symptom is a facial tic such as rapidly blinking eyes or twitches of the mouth.
Throughout the 6-week topiramate increase, the family had seen or heard few tics at home.
One consistent component associated with tics is muscle tension.
Allison Brashear of Indiana University School of Medicine has also done outstanding research work on using Botox therapy for tic sufferers as well as stroke victims.
Most affected parents told the scientists that their OCD symptoms or tics had begun in childhood or adolescence.
Los procesos de ensenanza y aprendizaje han estado influidos por la incorporacion de TIC como una forma de alcanzar los propositos pedagogicos planteados y para estar a la par con las exigencias de la sociedad presente, la cual cada dia demanda que en la formacion de los profesionales se incluya el uso de las nuevas tecnologias, toda vez que estas se han convertido en un medio de comunicacion dentro y fuera de las empresa [8].