URBAN TOWN HOMES

TIC stands for "Tenants In Common" in this structure multiple people can hold title in one parcel of land. Each of the individuals' names will be listed on title as Tenants In Common. 

TIC Financing 

Applying for a TIC loan is similar to a conventional loan process, however, the buyer would choose a lender specific to TIC Financing. Currently there are three TIC lenders in Los Angeles. 

Check out our TIC Urban Town Homes below. 

With TIC, you have similar usage and renovation rights as a condo owner. 

Some rental restrictions apply.

No permission is needed to sell your unit. 

Unit owner is responsible for the following: 

• Cable and Internet
• Gas*
• Electricity and Water*
• Trash
• *Each unit is individually metered for Gas, Electricity and Water

** HOA monthly dues billed proportionally to unit size.

Urban Town Homes use a similar HOA structure as condos.

Here is an example of a typical TIC Urban Town Home HOA overview.

HOA dues cover: 

• Landscaping service water
• Building Fire and Liability Insurance 
• Finance Management (bookkeeping service) 
• Exterior common lighting maintenance

HOA Dues within a TIC structure is significantly smaller. 

** HOA monthly dues billed proportionally to unit size.