Sunday, March 16, 2008

TIC Group vs. Condo Association

There is an old adage - "don't think it's paradise across the road." Meaning it may look like your neighbor has got it made but in all probability he or she probably doesn't. Same thing with TIC owners who wish for condo status, believing this would spare them from the close ties and collaborative decision making that owning a TIC requires. Whenever this thought crosses your mind just remember two words - condo association. These associations are, in effect, identical to TIC groups, except they are usually comprised of more people, which of course makes the likelihood of getting anything done even more difficult.

"Lottery Hell" In The Chron

The Chronicle featured an article today titled "Tenancy-in-Common Lottery Hell." It's great to see the local news media take an interest in TICs. Also interesting are the reader comments, such as "Renting should never be a lifetime contract." Now let's see if we can take that to the ballot box.