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Tenant In Common Explained


Tenant In Common Explained

A tenant in common is an investment in a single large commercial commercial property by multiple property owners, not as limited partners, but as individual property owners. Each property owner receives an individual deed at closing for his or her undivided percentage interest in the entire commercial property. A tenant in common exchange qualifies as a 1031 exchange according the internal revenue code. Completing a 1031 exchange with a tenant in common interest ownership in a commercial property allows property owners not only to defer their capital gains taxes, but also to upgrade their investment commercial property into larger, institutional-grade commercial property.

If you are interested in learning more about tenant in common exchanges available to you, contact us today.




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