Tenants In Common Explained
1031
tenants in common exchanges are a form of
investment property asset ownership in which two or more persons have an undivided, fractional interest in the asset. Each co-
property owner receives an individual deed at closing for his or her undivided percentage interest in the investment.
tenants in common exchanges qualify as a type of
1031 exchange and thus offer several benefits to the property owner, including deferred capital gains taxes on all like kind investment exchanges. Completing a
1031 exchange with a
tenants in common interest ownership in an
investment property allows property owners not only to defer their capital gains taxes, but also to upgrade their investment
investment property into larger, institutional-grade investment property.
If you are interested in learning more about
tenants in common exchanges available to you, contact us today.