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Tenants in common (TIC) is a type of joint ownership which allows two or more people to own real estate together. Laws in certain states declare that two unmarried individuals own property as tenants in common unless they have agreed to a different form of ownership in writing. Under TIC deeds, the tenants all equally retain the right to access and possess the property.
A tenancy in common in real estate is generally created. by the words âto A and Bâ and nothing more needs to be. added. If title to real estate is held by persons as tenants in. common, all co-tenants have equal rights to manage and live. on the property.