TIC stands for Tenant in Common. It's an arrangement where two or more people co-own real estate together. Each person owns a fraction of the whole property. For example, if you purchase a TIC property in a 4-unit building, you own 25% of the whole property with exclusive use rights to your unit, yard, and parking as outlined in the TIC Agreement. The fraction of the property owned by each person can be sold, transferred, or willed to their heirs.

Yes, but better. TIC residences are updated units within smaller, former apartment buildings filled with character from a bygone era or separate houses with no shared walls and private yards, similar to single-family homes. Owning a TIC is an excellent way for first-time home buyers to enter the housing market at a relatively affordable price.

Yes. Similar to a condo, you make decisions with other owners. Typically, a financial management company assists the HOA in collecting dues and paying common area expenses that include insurance, property taxes, maintenance and improvements to common areas, and shared utilities like water.

Financing is available with as little as 15% down. You qualify for your own TIC mortgage loan called a fractional loan. Qualifying for a fractional loan is similar to getting pre-approved for a conventional mortgage. You must meet the bank's lending criteria that includes excellent credit, debt-to-income ratios, and down-payment minimums. Check in with our sales team to have them guide you through all the options available.

Tenant in Common started in San Francisco in the 1980s by an attorney who, priced out of the San Francisco real estate market, purchased a building with friends and wrote the first TIC agreement. 2016 marked the year fractional loans became available in Los Angeles. Since then, hundreds of units have sold throughout our city, with many more coming to market.