The Comprehensive Guide to

Passive Income Investing


Learn the secrets of how Paul Tracy generates over $XXX,XXX per month in passive income!

How to Become Financially Independent Through Passive Income Investing

What is Tenants in Common (TIC)?

Tenants in common (TIC) describes an ownership status that applies when a property is severally owned by two parties.

How Does Tenants in Common (TIC) Work?

If two co-owners of a property are tenants in common, they own the property independent of one another. This means that each tenant does not enjoy the benefits of survivorship in the event of the other's death.

In other words, the ownership portion belonging to the deceased is not automatically inherited by the surviving owner. Rather, the deceased's ownership portion is passed down to the beneficiary designated in the will of the deceased. This beneficiary, or heir, enjoys the benefits of property ownership and assumes all liability in connection with his/her share of the property. Moreover, since all action on the property must occur jointly, the beneficiary, under TIC, has a legitimate voice on any decisions made in connection with the property.

Why Does Tenants in Common (TIC) Matter?

TIC ensures that a co-owner of a property may legally pass his/her share of the property to a designated heir. For this reason, it is important that the ownership portion is clearly delineated so as not to encroach upon that of the other tenant.

Ask an Expert about Tenants in Common (TIC)

All of our content is verified for accuracy by Paul Tracy and our team of certified financial experts. We pride ourselves on quality, research, and transparency, and we value your feedback. Below you'll find answers to some of the most common reader questions about Tenants in Common (TIC).

Be the first to ask a question

If you have a question about Tenants in Common (TIC), then please ask Paul.

Ask a question
Paul Tracy
Paul Tracy

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 3 million monthly readers.