Services for California’s community land trusts
Coliving Counsel drafts space assignment tenancy in common agreements for residential properties in California.
We have publicly available flat fees for space assignment tenancy in common agreements for 1-to-4 unit properties. You can find those further down this page. We also draft TIC agreements for properties with 5 or more units.
Typically, these agreements are used to create a condo-like structure where local condo conversion ordinances render condo conversion infeasible. They are commonly used in cities like San Francisco, Oakland, Berkeley, and Los Angeles.
TIC agreements are perceived to be quite specialized agreements, and it’s true that only a handful of attorneys in California draft them. For this reason, they command a premium. However, space assignment TIC agreements are essentially condo project covenants, conditions, and restrictions with a few specialized clauses. We price accordingly, and we believe we’re a few thousand dollars cheaper than other attorneys.
Flat fees per number of units
1 unit
2 units
3 units
4 units
2,250
2,500
2,750
3,000
Services covered by flat fee
Intake survey to understand your goals and concerns
Drafting a well-designed, space-assignment TIC agreement and memorandum of tenancy in common agreement at a 10th grade reading level
One meeting to review the agreement drafted based on your intake survey
One round of revisions to the TIC agreement based on your feedback in the review meeting
Filing memorandum of tenancy in common agreement
Additional revisions at hourly rate
Services not covered by flat fee
The flat fees quoted above do not apply to the following situations:
5 or more residential units;
TIC agreements where some tenants in common do not have space assignment rights;
TIC agreements for vacation homes;
TIC agreements involving some units yet to be constructed.
These services may be provided for a flat fee, but it will not be the flat fee quoted above. Contact Coliving Counsel with the details of your situation to receive a quote.