Home Buying in Los Angeles>Question Details

Lynda Gluck, Home Buyer in Palm Springs, CA

does any one have experience with selling TiC???

Asked by Lynda Gluck, Palm Springs, CA Tue Apr 2, 2013

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carlos parrague’s answer
Definition of 'Tenants In Common - TIC' The co-owners of an undivided interest in real property. Tenants in common each own a separate and undivided interest in the same real property and each has an equal right to the possession and use of the property. Upon the death of one tenant, his or her undivided interest passes to heirs through a probate proceeding; the interest does not pass to another tenant in common unless the surviving co-owner is an heir or a purchaser.
This is only a way of holding Title.
Are you trying to sell only one portion?
1 vote Thank Flag Link Tue Apr 2, 2013
Yes, one or two
Flag Wed Apr 3, 2013
Are you selling in Palm Springs?
0 votes Thank Flag Link Wed Apr 3, 2013
I've got a condo I'm selling in PS. The TIC is in Hollywood.
Flag Wed Apr 3, 2013
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