Represented Scottsdale property manager with the preparation of a Tenants In Common agreement with his sister.  Brother and sister desired to jointly acquire and own Scottsdale real estate.  Rather than holding title to the property in a jointly owned entity, the parties desired to hold title separately as tenants in common to preserve income tax deferral under Section 1031 on recently sold property.  DeAngelis Legal advised brother with respect to the terms of the transaction and alternatives and prepared the tenants in common agreement providing terms for management, ownership, succession and dispute resolution.