TIC LEARNING CENTER

San Francisco TIC buyer checklist

Property: ____________________ Date: __________ Reviewed with: ____________________

Use these prompts to track documents and unresolved questions. A checked item means you have reviewed the answer, not that a property is approved or risk-free.

Ownership and agreement

☐ Title and ownership percentage match the proposed purchase.
☐ Executed agreement, amendments, and recorded covenants have been reviewed by TIC counsel.
☐ Flat, parking, storage, yard, and other assigned rights are documented.
☐ Voting, repairs, defaults, transfers, and partition provisions are understood.

Financing and full budget

☐ Lender has reviewed the actual interest and building.
☐ Loan terms, appraisal, conditions, cash to close, and reserves are understood.
☐ Tax allocation, parcel payment records, and supplemental estimates have been reviewed.
☐ Master and personal insurance coverage, exclusions, and deductibles have been reviewed.
☐ Operating charges, reserve balances, known repairs, and assessments are documented.

Building and intended use

☐ Inspections address the whole building and relevant common systems.
☐ DBI, permits, legal units, title exceptions, and planning questions are resolved.
☐ Leases, tenant history, notices, and any eviction or buyout history are reviewed.
☐ The proposed occupancy, remodel, or rental plan is permitted by the relevant documents and law.

Closing and exit

☐ Outstanding contract conditions and requested professional reviews are resolved before relevant protections are removed.
☐ Sale and refinancing restrictions are understood.
☐ The plan works as a TIC without depending on unverified condo conversion.
☐ Required documents, contacts, and payment procedures will be retained after closing.

Open questions and responsible person

__________________________________________________________________

Source-reviewed November 5, 2026. General educational checklist. Return to the TIC learning center.