Finance
What is 'tenancy in common deed of trust' used for in Rhode Island investment?
AA type of deed for joint tenancy
BA structure where multiple investors hold undivided tenancy in common interests in a property, often used in 1031 exchange Delaware Statutory Trust (DST) or TIC investments✓ Correct
CA charitable trust for community properties
DA deed for properties near common areas
Explanation
Tenancy in common (TIC) arrangements allow multiple investors to own fractional undivided interests in a property. They are sometimes used in 1031 tax-deferred exchange structures, though the DST (Delaware Statutory Trust) has become more common for larger syndications.
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