Tenants In Common Explained




Tenants In Common Explained

A tenants in common is an investment in a single large commercial rental property by multiple property owners, not as limited partners, but as individual property owners. Each property owner receives an individual deed at closing for his or her undivided percentage interest in the entire rental property. A tenants in common exchange qualifies as a 1031 exchange according the internal revenue code. Completing a 1031 exchange with a tenants in common interest ownership in a rental property allows property owners not only to defer their capital gains taxes, but also to use all of the proceeds from their sale to leverage into more valuable rental property investments.

If you are thinking of transferring any rental property, contact us today for more information on 1031 tenants in common exchanges.


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