FREQUENTLY ASKED QUESTIONS
" the ticX trading exchange - expand your knowledge "
ticX is a unique platform that allows a property owner, or their agent, to sell to multiple buyers for occupation or investment.
ticX works for any residential, rural or commercial property anywhere.
At ticX properties are available for shared or sole ownership.
ticX expands opportunities for shared ownership co-ownership equity release (for seniors) and rentvesting. ticX is also an ideal add on for shared-equity social & affordable housing models.
ticX enables investors to buy an affordable share in a property, sharing expenses, rental income and capital value proportionate to the percentage held, which is registered on title in the buyer's name.
Yes it is. A ticX Member can do what others are legally excluded from doing, that is, offer any property to multiple co-owners or a single buyer, whichever occurs first.
With ticX, yes you can!
A ticX Member is an individual or organisation that takes up a Membership Seat on the Tenant in Common Exchange. Only ticX Members are able to offer property to multiple buyers for shared ownership.
ticX Members have access to the tools that encourage shared ownership enabling those buyers/investors, unable or unwilling to purchase a whole property on their own, to connect with other like-minded investors willing to join with them to complete a purchase.
ticX Members provide a safe uncomplicated way to sell and invest securely in real estate, overcoming affordability issues through shared ownership.
Securing a ticX membership starts from just $53.90 per month for an individual person. You can become a ticX Member today by clicking on this link.
Shared ownership is where two or more buyers can share in and de-risk their investment and ownership of a high-value tangible asset such as real estate.
A property share is a separate share of a property owned as a tenant in common.
A property share is created when a property (or part of the property) is sold and is purchased by two or more co-owners as tenants in common in separate equal or unequal shares.
A property share can be willed (bequeathed), sold or mortgaged separately. This is enshrined in property law.
Yes, your property share is evidenced by a real estate deed. Buyers of property shares are the legal owners of the asset and their interest is separately registered on title as a co-owner.
Each share can be willed (bequeathed), sold or mortgaged separately. This is enshrined in property law.
All properties that are ticX listed & available for shared ownership are identified by the 'ticX listed' logo in advertising and on site signs.
Settlement will occur once a take up commitment of 100% is achieved and can include the seller retaining a share as a co-owner.
All co-owners must sign a ticX standard Tenant in Common Deed which establishes co-owner legal contractual rights and responsibilities to each other and their respective interests.
Unless purchased by owner occupiers, a ticX listed property sold to investors will usually be managed by an experienced local professional licensed property manager dedicated to the property to deliver the best possible return to the co-owners during the term of the investment.
When a ticX Listed property is purchased by two or more co-owners it will remain listed on ticX indefinitely to facilitate any share trades.
Should any co-owner wish to sell their share they simply click the 'SELL' button and that share will be listed for sale on the ticX trading exchange.
Potential buyers are able to view property reports and other relevant information to help them make an informed investment decision.
Potential buyers are able to make a bid to purchase an ownership share and/or monitor bids.
Upon the sale of a property to two or more co-owners, unless all co-owners agree to mortgage the property, the property shall be free of all encumbrances.
To offer any property as being 'available for shared ownership', the first step is to contact a ticX Member, or establish your own ticX Membership.
To buy a share in a property you first need to become a ticX subscriber. Subscription is FREE! Subscribers get access to eXtra detailed information about each property to enable them to make an informed investment decision.
There can be several owners as tenants in common but generally, for a single residential property, the ideal number of co-owner investors would be from 2 to 6.
For a single commercial/industrial or rural property generally, the ideal number of co-owner investors would be from 2 to 20 (can be more depending on the size, price & cash flow).