How do I order a TIC Agreement (Tenancy in Common Agreement)

When more than 1 Borrower is entered, an option to order a TIC and indicate which Owner will be Managing can appear. Lender may wish to include its requirements for a Tenancy in 
Common Agreement, such as:


- The agreement must specify when all or a majority of the owners' consent is required.
- The agreement must list Lender as a third-party beneficiary.
- The agreement must prohibit owner from seeking to partition the property.

The TIC is designed to be applicable only while the aforementioned Indebtedness is outstanding. It is designed to be self-satisfying/terminating once the relevant loan is terminated (eg. paid off).

Another item is that the Memo of TIC is not really the TIC itself, so it does not need, by design, to be "satisfied". It is a public notice that a TIC was formed/existed as outlined in the TIC itself.