Bend Regent Retirement Residence in Portland, Oregon offers a Tenancy in Common Agreement to provide individuals with a secure and comfortable living environment during their retirement years. Tenancy in Common (TIC) refers to a type of co-ownership agreement where multiple individuals own shares of a property, granting them the right to occupy specific units within the residence. The Bend Regent Retirement Residence Tenancy in Common Agreement offers several benefits for retirees looking for a community-style living experience. With this agreement, individuals have the opportunity to enjoy the perks of homeownership without the burdens of property maintenance and management. The residence takes care of maintenance, repairs, and upgrades, allowing tenants to focus on their well-being and enjoyment of retirement. Bend Regent Retirement Residence offers various types of TIC agreements tailored to meet individuals' unique needs and preferences. These agreements include both single and joint tenancies in common. Single tenancy in common allows individuals to own a specific unit exclusively, while joint tenancy in common permits co-ownership of units with one or more individuals. In addition to the specific unit ownership, the Bend Regent Retirement Residence Tenancy in Common Agreement grants tenants access to an array of amenities and services. These can include fitness centers, dining facilities, recreational spaces, educational programs, social activities, transportation services, and more. The community-focused environment encourages interaction, fostering a sense of belonging and camaraderie among residents. The Bend Regent Retirement Residence Tenancy in Common Agreement ensures clarity and transparency when it comes to ownership rights, responsibilities, and financial obligations. The agreement outlines the proportion of shares owned by each tenant and establishes procedures for decision-making and potential disputes among co-owners. This provides tenants with a clear understanding of their role and involvement within the retirement community. Overall, Bend Regent Retirement Residence's Tenancy in Common Agreement offers retirees an excellent opportunity to enjoy an active and fulfilling lifestyle in a vibrant community while sharing ownership responsibilities with other like-minded individuals. The range of tenancy options and amenities available cater to various preferences, ensuring that retirees can find the perfect fit for their retirement needs.