Individual Tenant-in-Common (TIC) investors may also dispose of their individual TIC units by one of five strategies.
1. Sale of Property. This is the most common. When the property is sold investors can reinvest (via another 1031 exchange) into another property that may or may not be a tenant-in-common property, pay capital gains taxes or a combination of both.
2. Sell to TIC unit owners. Offer your TIC units to the existing TIC owners
3. Unassisted. Subject to the Co-Tenancy Agreement and lender approval, IRS regulators allow you the unfettered ability to sell your interest in any TIC. You may have a ready buyer through your network of friends, associates, or family.
4. Convey through your estate. TIC investments can be very, very useful in estate planning. By splitting your interest among multiple TICs, you can easily convey these assets (individually) to your heirs. This can be a significantly useful tool.
5. Seller Buy Back. The Sellers will have a right of first refusal to re-purchase your TIC units at market value.