Hey all, my friend and I are interested in the process of buying a residential duplex or condo and converting it into a Tenants-in-Common property. Has anyone here gone through that process before (or is going through that process right now)? I would love to learn more about the conversion process specifically (any relevant paperwork, legal terms, etc.), as well as the terms of a TiC arrangement.
Interesting, I would love to find out more about this too.
@Akshay Shrivastava itd be best to reach out to TIC attorneys that draft these agreements as they have worked on hundreds if not thousands of conversions. Or any tic lender/RE agent will be familiar with the overall process. Feel free to dm