tenancy in common

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tenancy in common

Ownership of property by two or more persons, each of whom may freely transfer his interest; the death of one tenant does not transfer his rights to the other or others.
References in periodicals archive ?
Itzel will focus his efforts on the acquisition of value-added real estate opportunities as well as the acquisition and restructuring of tenancy-in-common investments.
Tenancy-in-common interests need not be equal--typically, they're in proportion to an owner's capital contribution--and there's no right of survivorship (unless the parties agree otherwise).
Tenancy-in-Common interest is considered like-kind property for purposes of a Sec.
In another tax planning strategy, the former partners of a liquidated partnership hold their relinquished property tenancy-in-common interests for an extended period before exchanging them for the replacement property.
E-LOAN's Individual Tenancy-in-Common (TIC) Mortgage Revolutionizes the Way Borrowers Can Obtain Financing, Helping More People Realize the American Dream
Even if the partnership or LLC held the real estate for business or investment purposes, the IRS might argue that individual owners who exchanged their tenancy-in-common interests failed to meet the "held for" requirement because they held the property for sale.
Then, those who want a sale may sell and those who want to exchange may do an exchange with their tenancy-in-common interests.
10, 2003, A sells a 50% tenancy-in-common interest in his residence to his friend, C, for $305,000.
25 /PRNewswire/ -- CB Richard Ellis Investors, a global leader in commercial real estate investments, recently announced that it has successfully completed its first Tenancy-in-Common ("TIC") offering known as the 1031FORT(R).
2000-37 (safe harbor parking arrangements/reverse like-kind exchanges) and participated in the development of the IRS position on the qualification of tenancy-in-common interests under u1031.
The interest was acquired from The Gale Company and Principal Real Estate Investors, and is held as a tenancy-in-common interest.
a person who divides a single interest in property into multiple co-ownership interests with the intention of offering the interests for sale) "packaged" tenancy-in-common interests in rental real estate and marketed them to a taxpayer as eligible replacement property under Sec.