TICs and Condo Conversion

Another quick one for our City readers. Many people want to know about the rules governing Tenancy In Common (TIC) and condo conversions in San Francisco. Despite the risks associated with them, TICs have become a surprisingly common way for first-time buyers to crack the high-priced SF market. Their increase in popularity has, naturally, resulted in a decrease in the gap between TIC and Condo prices. If you'd like to learn a little about the history of TICs or the implications converting TICs into condominiums, please contact Next Generation Real Estate at 415.717.0766 or NextGeneration@pacunion.com.
In the meantime, two websites offer invaluable information on this subject. In our opinion, no one should purchase a TIC unit without first reading every word of the condo conversion information page at sfgov.org. Perhaps even more important is a thorough reading of Andy Sirkin's website. Mr. Sirkin is a San Francisco attorney and the preeminent authority on TICs. Links to these websites will have a permanent home in the link list on the right side of this page.