3 Factors to a Quality Tenancy-in-Common Investment

Entering into an investment under a tenancy-in-common arrangement is very common in the commercial market. It is usually a successful arrangement that deals with people owning separate and distinct portions of a property. For example, one person could put up more money to buy a property and therefore, own a bigger percentage of the property as a result. If you are going to successfully go through with a tenancy-in-common investment, there are a few things to keep in mind. 

Clearly Define Assets

When you are dealing with a tenancy-in-common arrangement, you need to clearly define everything. Make sure that all parties involved understand exactly what they own and what they do not. Get all of this in clear writing and make sure that everyone signs it. You do not want any confusion in this area. 

Relationship

It is also important that you have a strong relationship with the person involved in the deal. Souring relationships have been the cause of many unsuccessful business deals over the years. Make sure that this does not happen to you and only enter into agreements with those you trust. 

Quality Property

Regardless of how good your relationship is, make sure that you do your homework and find a good deal before you invest. Do not just go along with the group, conduct your own research and find out what works best for you.

blog comments powered by Disqus