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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.
Property Law: Joint Tenant vs Tenants in Common. Property Law: Joint Tenant vs Tenants in Common. Adelaide property lawyer Giles Kahl answers a common legal question. What Does Joint Tenant and Tenants in Common Mean? Adelaide property lawyer Giles Kahl answers a common legal question. The terms âjoint tenantâ and âtenants in commonâ are used to refer to two different types of joint ownership of property. Usually, these terms relate to real estate but can apply to any property.