Because we have discovered that some Owners at Brickyard Creek actually use their cottages on an “occasional” basis, we have devised our Tenancy In Common (“TIC”) Ownership program. This program will significantly reduce the cost of the initial acquisition and the ongoing ownership expenses of a cottage. A TIC ownership is a deeded title purchase of a 1/2 or a 1/3 interest in a cottage. A TIC ownership is not to be confused with a timeshare, partnership or joint venture.
Each TIC ownership carries with it the right to the % of possession of the cottage equal to the % of ownership. A TIC cottage is sold fully furnished and outfitted –all one needs to do is move in and enjoy. An Agent attends to the assignment of periods of possession, the payment of expenses normally associated with whole ownership such as insurance, real estate taxes, telephone, utilities and cable TV. The Agent also levies assessments for the payment of these expenses and fees. The TIC owners can choose to employ the Developer or any other professional to be their Agent—or the TIC owners can handle the Agent’s duties themselves if they wish.
Bottom line—a TIC ownership affords the Buyer yet another option to own and enjoy a cottage in Sawgrass at a fraction of the cost and without the responsibilities of whole cottage ownership.
This information is being used for the purpose of soliciting Tenancy In Common sales. This is not an offer to sell to nor a solicitation of an offer to buy from any resident of any state where registration is required prior to an offer being made or in any jurisdiction where prohibited by law. These Tenancy In Common interests are not a timeshare, partnership or joint venture.
Each TIC ownership carries with it the right to the % of possession of the cottage equal to the % of ownership. A TIC cottage is sold fully furnished and outfitted –all one needs to do is move in and enjoy. An Agent attends to the assignment of periods of possession, the payment of expenses normally associated with whole ownership such as insurance, real estate taxes, telephone, utilities and cable TV. The Agent also levies assessments for the payment of these expenses and fees. The TIC owners can choose to employ the Developer or any other professional to be their Agent—or the TIC owners can handle the Agent’s duties themselves if they wish.
Bottom line—a TIC ownership affords the Buyer yet another option to own and enjoy a cottage in Sawgrass at a fraction of the cost and without the responsibilities of whole cottage ownership.
View our Tenancy in Common program information sheet.
This information is being used for the purpose of soliciting Tenancy In Common sales. This is not an offer to sell to nor a solicitation of an offer to buy from any resident of any state where registration is required prior to an offer being made or in any jurisdiction where prohibited by law. These Tenancy In Common interests are not a timeshare, partnership or joint venture.
Brickyard Creek 1/2 Tenancy In Common Interests
Brickyard Creek 1/3 Tenancy In Common Interests
Prices Effective 1/1/2011 – Subject to Change