Tenancy In Common (TIC) In Real Estate Explained
Get a quick breakdown of one of the real estate’s most popular terms, tenants in common or (TIC), how it works, and the pros and cons to see if making this real estate move would benefit you.
You’ve heard the term tenants in common thrown around in a conversation before, but you weren’t really sure what it meant. Tenant in common is a real estate term, and today we’ll explain what they mean, so next time it comes up, you’ll have a better idea of what the situation entails and add this real estate jargon to your dictionary.
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