A TIC Agreement is utilized by owners of separate undivided interests in the same property. This scenario arises not between partners of a partnership owning a property, but among individual owners all owning a percentage interest in a property. The Agreement sets forth exactly how the property is to be operated and managed, and how costs related to taxes, insurance, utilities and operating expenses are to be apportioned between the individual owners.
Documents to be prepared for you: "Follow-Through" Instructions, Tenancy in Common Agreement.
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The following questions should be answered in order for us to prepare correct and enforceable documents:
Property Zip Code:
A property is legally described not by an address but the lot/block in a platted subdivision, or by "Metes and Bounds" in unplatted parcels.
Property is indexed and recorded in the public records only by the legal description, so this information is usually important in all enforceable real estate documents.
the City of
If property is not in a lot/block subdivision, but surveyed by "METES and BOUNDS", please locate the metes and bounds description on the back of your existing deed and either fax
it to us at 817.737.7201 or upload at the bottom of this questionnaire. If you are unable to locate the legal description, check the box below.
Unable to locate legal description
Will both parties have a right of first refusal if the other party desires to sell?
OPTIONAL: Upload files to help the TLD staff create your documents.
The firm’s attorneys, Jeffrey A. Rattikin and Jack Rattikin, Jr., are both Board-Certified in Residential Real Estate Law by the Texas Board of Legal Specialization.