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What is
Tenants-In-Common (TIC)?

Tenants-In-Common is a type of property ownership where each person or entity owns a share of the property. These shares can be of unequal size, and can be freely transferred to other owners both during life and via a will.

Tenants-In-Common (TIC) vs. Joint Tenants

The only similarity between a joint tenancy (JT) and tenants-in-common (TIC) is that they allow more than one person or entity to own an asset.

Joint Tenancy:

  • Structured as an equal partnership, with equal ownership rights. When you and your two friends enter a joint-tenant arrangement, you will each own 33.33333% of that property.
  • Allows for the right of survivorship. This means that if one owner dies, the other parties immediately inherit the deceased owner’s interest in the property.


  • Own a “fractional share” in the property which may be an unequal percentage when compared to those of your friends. For example, you could have 48% of the interest in the property, with your friends each having 26% of the remaining interest.
  • If an owner dies, the interest in the property is distributed based on their estate plan and does not pass the other property owners automatically. If no will or estate plan exists, the transferred interest may go through probate.

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