Understanding Basic TIC Concepts and Structure
The articles are designed to answer the most commonly asked questions about how TICs organize, operate, and manage risk.
The articles on this page will help you understand what a SACO TIC (space-assignment co-ownership, an arrangement that mimics that of condominiums) is and how it works. Some of these are short and intended to only introduce the main concepts, while others are more detailed and specific. These articles explain when and why people choose a tenancy in common ownership form, and how TICs differ from condominiums and other subdivision structures. The articles are designed to answer the most commonly asked questions about how TICs organize, operate, and manage risk.
Understand the risks and benefits of tenant in common ownership, an affordable alternative to condominiums. Learn the best practices and law for TICs.
Learn the uses of tenancy in common ownership, the difference between TICs and condominiums, how TIC financing works, and why TICs don’t require city approval.
Why some TIC agreements are better at avoiding TIC problems. Learn the current best contract practices, and how to identify a good tenancy in common agreement.
Learn the three most important practical things that make tenant in common ownership less desirable than condominium ownership, and understand why TICs cost less than condos.
Each tenancy in common owner can have a separate mortgage. Learn how fractional financing works, and why one co-owner’s default does not affect other owners.