What is a ‘tenant in common’?
Tenancy in common is how two or more buyers share in and de-risk investment and ownership of real estate. Tenancy in common helps more people get a foothold on the property ladder and reach their dream of owning a home in an affordable way.
How is a tenancy in common created?
When a property is owned by tenants in common it means that two or more *entities co-own a property. A tenancy in common 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 tenant in common share can be willed (bequeathed), sold or mortgaged separately.
*An entity can be either a natural person or a company.
The Tenant in Common Exchange (ticX) is the trading exchange for tenant in common shares in real estate, where every property is available for shared or sole ownership.