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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.
Simply put, Tenants-in-Common (TIC) ownership is an undivided, fractional interest in an entire property. As a TIC owner, you share in your percentage of the rental income, depreciation deduction and potential property appreciation. A TIC strategy allows the average real estate buyer to participate in ownership of an institutional-grade property, which