Lakeside Escrow oversees the entire TIC transaction process, from holding funds in trust to coordinating with all co-owners, attorneys, and lenders involved. We review shared ownership agreements, manage the flow of documents, and ensure that each buyer’s interest is properly recorded and protected. Our job is to keep the transaction fair, compliant, and on track.
Specialized Escrow Services for Tenancy in Common (TIC) Transactions
Managing shared ownership deals with accuracy, coordination, and care.Start your Tenancy in Common EscrowAt Lakeside Escrow, we understand the unique complexities of Tenancy in Common (TIC) agreements, where multiple parties co-own a property but hold individual shares without right of survivorship. In this arrangement, each owner has the ability to sell, transfer, or bequeath their portion of the property independently, which requires careful coordination and clear legal documentation. Our team is dedicated to providing expert guidance through each phase of the transaction, ensuring that all legal, financial, and logistical aspects are managed smoothly and securely. With our attention to detail, clear communication, and commitment to professionalism, you can trust us to handle your TIC transaction with the utmost care, making the process as seamless and stress-free as possible.
What is Tenancy in Common (TIC), and how does it affect the escrow process?
Tenancy in Common (TIC) is a form of property ownership where multiple parties hold individual, undivided shares in a property, with each owner having the right to sell, transfer, or bequeath their portion independently. In the escrow process, TIC arrangements require additional considerations. The ownership structure needs to be clearly documented, and each owner’s share must be properly addressed in the transaction. The escrow company will ensure that all parties are in agreement and that the division of ownership and responsibilities is clearly outlined in the sale agreement, including any specific terms related to the ownership shares and the distribution of proceeds.
What Lakeside Escrow will do
Why Choose Lakeside Escrow
TIC deals require a steady hand and deep attention to detail. At Lakeside Escrow, we understand the intricacies of shared ownership, fractional interests, and the legal complexities that come with them. We’re known for our proactive communication and ability to manage multi-party transactions smoothly—ensuring no detail gets overlooked.
I recently completed a real estate transaction with Lakeside Escrow, and their professionalism blew me away. From start to finish, their team was incredibly responsive and took the time to explain every detail. I never felt rushed, and every question I had was answered promptly. The entire process felt seamless, and I had total peace of mind knowing my funds were secure. Highly recommend!
Arthur B.
Connect with us
We would love the opportunity to connect with you and discuss how Lakeside Escrow can assist with your escrow needs and help ensure a smooth and efficient escrow process.