• In Tenants In Common (TIC) ownership do all interests have to be equal?
NO. Owners may own varying percentages of interests. For example, you may have 30% or even greater ownership while other co-owners may have as little as 5%.

• How many TIC ownership interests can a property have?
The IRS ruling limits the number of separate owners to 35 or less for any one property. Generally most properties offered through Southeast Capital Associates will have 10 or less co-owners.

• Can my TIC interest be sold separately without the other co-owners interests?
YES. Anytime your investment goal strategies change and you wish to sell your interest you may (subject to the provisions of the Tenancy in Common Agreement you execute with the other co-owners).

• How can I find a buyer for my interests?
When you decide to sell, Southeast Capital Associates can assist you in finding a buyer. Our knowledge of the property and our network of local and national contacts enable us to effectively market your interest.

• What happens if a TIC owner should die?
Their interest passes through inheritance as directed in the will or other estate planning documentation.

• Will I have management responsibilities?
Many properties offered are single tenant net leased; which means the tenant is responsible for property management. Multi-tenant properties generally require more property management. A comprehensive management agreement executed between the TIC owners prior to purchase assure that your interest is properly managed. Generally it is agreed that a professional management company will be contracted with, on an annual renewal basis, to manage the property.

• Can I own the TIC interest in my retirement plan?
Yes, depending on your type of plan. Many of today's self-directed retirement plans and IRA's allow for a portion of the funds to be invested in real estate.

• How do I know your offering will satisfy the 1031 requirements?
All of Southeast Capital Associates investments will comply with the Revenue Procedure 2002-22 that sets down the 15 conditions for determination that an undivided fractional interest in real property is eligible replacement property under Section 1031 of the Internal Revenue Code.

• If another owner holds a larger share of the property than I do, can I be forced to do something I'm opposed to do?
As provided for in the Tenants in Common Agreement, which is executed prior to purchase, the following issues must be voted on and approved unanimously:

• sale of the property
• the creation or modification of blanket liens or mortgages on the property
• the hiring of a manager or management company
• the leasing of the Property

Any other issues can be decided by the vote of co-owners with a pre-determined agreed upon majority interest rule.

• Are there any hidden costs associated with the purchase?
NO. Through your TIC agreement all cost associated with ownership are identified.