Tenants In Common Explained
1031
tenants in common exchanges are a form of
rental property asset ownership in which two or more persons have an undivided, fractional interest in the asset. Each co-
property owner receives an individual deed at closing for his or her undivided percentage interest in the investment.
tenants in common exchanges qualify as a type of 1031 exchange and thus offer several benefits to the property owner, including deferred capital gains taxes on all like kind investment exchanges. 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 upgrade their investment
rental property into larger, institutional-grade rental property.
If you are interested in learning more about
tenants in common exchanges available to you, contact us today.