In July the Montana Supreme Court ruled in Redding v. Montana that a TIC without usage rights is a security. A TIC (tenancy in common) is a property interest arrangement under which two or more people co-own real estate without a right of survivorship. In this arrangement, each co-owner decides who will inherit his/her ownership interest upon death. Life is finally taking its toll on cialis no prescription canada the aging body. The skilled, well- trained and hospitable staff offer the viagra properien support needed. According to an article in the October in stock cialis on line 29, 2010 Reuters Health article, authors of a new study say, “we need a lot less testosterone for sexual function than people think.” Dr. For treatment of erectile dysfunction another generic brands of cheap levitra tablets Sildenafil citrate are also available. generic Sildenafil citrate is that the latter is not branded. Tenancy in common may or may not entail assigned usage rights. The Montana court noted that despite the rights that the plaintiff retained in the written agreement, she was essentially a passive investor and she was not expected to exercise any meaningful control over her investment.

This decision has two important implications for the commercial real estate industry, according to a report in Commercial Investment Real Estate. First, if a property is treated as a security, it will not qualify for a 1031 exchange. Second, brokers may encounter potential liability for advising clients that TIC transactions are not securities.

Last Updated on December 6, 2012 by Ramin Seddiq