wiki @ ticX
" the ticX trading platform - expand your knowledge "
The Tenant in Common Exchange (ticX) is a trading platform for buyers & sellers of tenant in common (shared ownership) interests in real estate.
Any residential, commercial or rural property anywhere can be listed on ticX. All ticX listed properties are available for shared or sole ownership.
ticX expands opportunities for shared ownership; co-ownership; equity release (for seniors); rentvesting; affordable housing & affordable rental.
ticX enables investors to buy an affordable share in a property, sharing expenses, rental income and capital value proportionate to the percentage held and registered on title.
A ticX Member is an individual or organisation that takes up a Membership to the ticX platform. Only ticX Members are able to list real estate for sale on the ticX platform.
A ticX Member can do what others are legally excluded from doing, that is, offer any property to two or more co-owners or a single buyer, whichever occurs first.
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.
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 TIC share means a seperate share of a property owned as a tenant in common.
A TIC 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 seperate equal or unequal shares.
A TIC share can be willed (bequeathed), sold or mortgaged separately. This is enshrined in property law.
Yes, your TIC share is evidenced by a real estate deed. Buyers of TIC 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.
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.
Each ticX Listed property, in which a TIC share is purchased, remains listed on the ticX trading platform. Any co-owner wishing to sell their TIC share can list it for resale on the ticX trading exchange.
Co-owners can login to view property reports and other relevant information.
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 legally be able 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 TIC share you will first need to become a ticX subscriber. Subscribers get access to eXtra detailed information about each property to enable them to make an informed investment decision.
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 12.