FAQ

Frequently Asked Questions

What is 'timeshare with title'?

Timeshare with title is simply a tenant in common (TIC) share in a holiday home, apartment or resort property to be used primarily for holiday vacations, or left in the letting pool as an income-producing asset.

How is 'timeshare with title' different from timeshare?
Timeshare with title (TwT) means a TIC share in a holiday property property with the right to occupy, or leave in the letting pool, in proportion to the percentage purchased.  TwT is a deeded ownership product. The TIC share is registered on title with you <or your nominee> as the owner of that TIC share.
 
Whereas traditional timeshare is a club membership product where you only purchase a right to occupation of the property for a specified time, you will not be a co-owner of the property.
How is a property share created?

A TwT/TIC property share is created when a property, or part of the property, is sold and is purchased by two or more co-owners as tenants in common in separate equal or unequal shares. 

Why buy a share in a property?

Less funds required. ticX enables investors to buy an affordable share in a holiday property sharing expenses, time, and/or rental income and capital value in proportion to the percentage held.

How secure is my investment in owning a share?

As a TwT/TIC co-owner, you are registered on title as a tenant in common. TwT is a real estate asset you own that can be willed (bequeathed), sold or mortgaged separately.

What if I want to sell my share?

You will find at the top of each ticX listing, there is a ‘SELL’ button. If you are a registered co-owner in that property, your request to sell your TwT/TIC share will be sent through to a ticX Member agent who will place your share For Sale on the ticXchange. There will be the normal real estate conveyancing costs and the selling agent may charge a commission on the sale. 

Who will manage the property?

The property will usually be managed by a local licensed property manager or a resident letting agent.

What if there is a disagreement with another co-owner?

At the time of purchase, all co-owners collectively agree to a Tenant in Common Deed which sets out the co-owners rights & responsibilities.

What if I don't use all my time/share allocation myself?

That’s fine. Just let the managing or letting agent know so that any of your unused time allocation can be placed in the letting pool.

What is ticx?

The Tenant in Common Exchange (ticX) provides liquidity to tenant in common owners of real estate and a pathway for more people to get on the property ladder. TicX is simply the trading exchange for tenant in common (TIC) interests in real estate. TIC ownership of land has been enshrined in property law for over 150 years.

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