Tenants-In-Common (TIC) allows two or more people to have an undivided, fractional interest in an investment property. They often used in the Exchange Last Structure of a Reverse Exchange. Property shares between the owners do not need to be equal, and ownership interests can be inherited. Co-owners must receive an individual deed at closing and his undivided percentage interest in the entire property. Any person who would like to be a property owner can participate in a TIC exchange. The main requirement for a TIC exchange is that two or more people must invest in the same property. As many as 35 investors can invest in the same property. This allows investors to purchase properties they would not be able to afford on their own, and it also allows them to put toward an investment property only as much money as they have. Advantages In Tenants in Common average person can enjoy ownership in an institutional-type property with a minimum investment. Because of this fact, the Tenants in common structure can be very attractive to real estate buyers. Tenants in common have access to Higher-Grade Properties where an average person can partner with others to buy expensive properties. Properties like this are reliable income and have growth potential, and they can attract tenants with greater financial strength and stability than possible if each owner had the property himself. Tenants in Common can have a exact dollar matching where Exchangers can invest the exact amount they receive from their Relinquished Properties into the Replacement Properties. Tenants in common have a advantage of Diversification as a Investors can put their money toward many different properties, including property in prime retail areas with high traffic counts. A Tenant in common can have a number of investors to invest in a interested property. Divercification and safety being the next important aspect in tenants in common where in a 1031 exchange, the taxpayer will identify three potential replacement properties and subsequently purchase only one. Tenants In Common ownership makes it economically feasible to identify and acquire ownership interest in many properties instead of one, thereby decreasing risk through diversification. A tenant in common haves advantage is that tenant in common can sell or pass his interest by his will to whomever he or she wishes. Tenants in common enjoys special advantage in community property assets willed to a surviving spouse receive a new stepped-up basis at market value on the date of death. In a property as 'tenants in common', where its in partnerships or a couple each owns a distinct and quantifiable share. More often than not, each will hold an equal half-share. This is an advantage for independently-minded individuals who prefer the freedom of owning their own share. An owner can then specify in his Will exactly how he wishes to dispose of that share after his death. For the 1031 investor's certainty of close is vital. Because of a Tenant in common's financing and due diligence are already complete the likelihood of a successful close is increased significantly over a conventional real estate transaction. Tenants in Common property ownership allow the investor to leave the management to someone else and receive a monthly income. No management headaches are one of the most compelling reasons for purchasing TIC properties.