ticX @ wiki
" here you will find the ticX expanded knowledge "
ticX is a trading platform for investors to directly acquire a share in a property with like-minded others, sharing expenses, rental income and capital value proportionate to the percentage held and registered on title. This is called shared ownership, co-ownership, tenancy in common or fractional ownership.
ticX is where you can de-risk your investment portfolio by only buying the share of a property you can afford.
A ticX Member is an individual or organisation that takes up a Membership to the ticX platform. A ticX Member is able to list properties for sale on the ticX trading platform and can do what others are legally excluded from doing, that is, offer any real estate for sale in the usual way and at the same time to two or more co-owners whichever occurs first.
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.
Yes. Your ownership share is evidenced by a real estate deed. Buyers of ownership shares are the legal owners of the asset and their interest is separately registered on title 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.
A ticX listed property sold to co-owners will be managed by an experienced professional licensed property manager dedicated to the property to deliver the best possible return to the co-owners during the term of the investment.
Co-owners can login at ticX.com.au/My_ticX to view income statements, condition reports and keep up to date with what’s happening with their property as well as monitor any ticX co-owner resales in the property.
Each property in which an ownership share is purchased remains listed on the ticX trading platform for the term of the investment, which is usually 7 to 10 years.
Should any co-owner wish to sell, their ownership share it can be listed on the ticX trading platform for resale. Co-owners are able to 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 be legally able to offer any property as being 'available for shared ownership', the first step is to contact a ticX Member or establish your own Membership account
The first step is to set up a ‘My ticX’ account
A tenancy in common (shared ownership) is created when a property (or part of the property) is sold and is then owned by two or more persons in equal or unequal shares.
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.