{"id":945,"count":1,"description":"\r\nJump to:\r\nWhat is a Tenancy in Common?<\/a>\r\nWhat does it mean to own property as tenants in common?<\/a>\r\n\r\n\r\nWhat is a Tenancy in Common?\r\n\r\nTenancy in Common (TIC) is a form of ownership that allows two or more people or companies can hold undivided shares in a property.\r\n\r\n\r\nWhat does it mean to own property as tenants in common?\r\n\r\n- Despite the tenants having unequal shares, they have the same rights over the property. For instance, if Company A has 25% it can occupy or take out a mortgage on the entire building, even if Company B has 75%.\r\n- If Tenant A takes out a loan, the lender will usually require Tenant B to sign the mortgage deed as well, since the loan can\u2019t be secured only by the share of held by Tenant A, but rather by the property in its entirety.\r\n- Should Tenant A take out a loan and then fail to make the required monthly payments, Tenant B is held liable and must cover the losses to avoid foreclosure.\r\n- A tenant can leave or dispose of their share whichever way they see fit. The share doesn\u2019t automatically pass to a co-tenant, unless they sale it to them or designate them as heirs in a will. This give a measure of control between co-tenants in the way the shares get distributed.\r\n- To dissolve a Tenancy in Common, one of the tenants would need to buy all co-tenants\u2019 shares. Alternatively, all tenants could sale their respective shares to an outside buyer.\r\n\r\n\r\nYou might also be interested in:\r\n\r\n \tWhat is valid?<\/a>\r\n \tWhat is valuation?<\/a>\r\n \tWhat is variance? <\/a>\r\n\r\n\r\n\r\nSearch other terms\r\n\r\n\r\n\r\nA<\/a>\r\nB<\/a>\r\nC<\/a>\r\nD<\/a>\r\n\r\n\r\nE<\/a>\r\nF<\/a>\r\nG<\/a>\r\nH<\/a>\r\n\r\n\r\nI<\/a>\r\nJ<\/a>\r\nK<\/a>\r\nL<\/a>\r\n\r\n\r\nM<\/a>\r\nN<\/a>\r\nO<\/a>\r\nP<\/a>\r\n\r\n\r\nQ<\/a>\r\nR<\/a>\r\nS<\/a>\r\nT<\/a>\r\n\r\n\r\nU<\/a>\r\nV<\/a>\r\nW<\/a>\r\nX<\/a>\r\n\r\n\r\nY<\/a>\r\nZ<\/a>\r\n\r\n\r\n\r\nPopular terms\r\n\r\n\r\n\r\nAmortization<\/a>\r\n\r\n\r\nEquity <\/a>\r\n\r\n\r\nNotary Public <\/a>\r\n\r\n\r\nProgression\/Regression<\/a>\r\n\r\n\r\nAcquisition <\/a>\r\n\r\n\r\nAnnuity <\/a>\r\n\r\n\r\nAsset <\/a>\r\n\r\n\r\nFiduciary <\/a>\r\n\r\n\r\nInflation <\/a>\r\n\r\n\r\nContingency <\/a>\r\n\r\n\r\nEscrow<\/a>\r\n\r\n\r\nPower of attorney <\/a>\r\n\r\n\r\nReal Estate Agent <\/a>\r\n\r\n\r\nEminent Domain <\/a>\r\n\r\n\r\nLiability <\/a>\r\n\r\n\r\nStatute of Limitations<\/a>\r\n\r\n\r\nValid <\/a>\r\n\r\n\r\nVariance<\/a>\r\n\r\n\r\nContiguous <\/a>\r\n\r\n\r\nDeficit<\/a>\r\n\r\n\r\n\r\n","link":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-tenancy-in-common\/","name":"Tenancy in Common","slug":"cre-term-tenancy-in-common","taxonomy":"post_tag","meta":[],"yoast_head":"\nWhat is Tenancy in Common? - Commercial Real Estate Dictionary<\/title>\n<meta name=\"description\" content=\"Tenancy in Common (TIC) is a form of ownership that allows two or more people or companies can hold undivided shares in a property.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-tenancy-in-common\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tenancy in Common Archives\" \/>\n<meta property=\"og:description\" content=\"Tenancy in Common (TIC) is a form of ownership that allows two or more people or companies can hold undivided shares in a property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-tenancy-in-common\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"CollectionPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-tenancy-in-common\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-tenancy-in-common\/\",\"name\":\"What is Tenancy in Common? - Commercial Real Estate Dictionary\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\"},\"description\":\"Tenancy in Common (TIC) is a form of ownership that allows two or more people or companies can hold undivided shares in a property.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-tenancy-in-common\/#breadcrumb\"},\"inLanguage\":\"en-US\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-tenancy-in-common\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tenancy in Common\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/\",\"name\":\"CommercialCafe\",\"description\":\"Your Commercial Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What is Tenancy in Common? - Commercial Real Estate Dictionary","description":"Tenancy in Common (TIC) is a form of ownership that allows two or more people or companies can hold undivided shares in a property.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-tenancy-in-common\/","og_locale":"en_US","og_type":"article","og_title":"Tenancy in Common Archives","og_description":"Tenancy in Common (TIC) is a form of ownership that allows two or more people or companies can hold undivided shares in a property.","og_url":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-tenancy-in-common\/","og_site_name":"CommercialCafe","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"CollectionPage","@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-tenancy-in-common\/","url":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-tenancy-in-common\/","name":"What is Tenancy in Common? - Commercial Real Estate Dictionary","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#website"},"description":"Tenancy in Common (TIC) is a form of ownership that allows two or more people or companies can hold undivided shares in a property.","breadcrumb":{"@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-tenancy-in-common\/#breadcrumb"},"inLanguage":"en-US"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-tenancy-in-common\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialcafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Tenancy in Common"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialcafe.com\/blog\/#website","url":"https:\/\/www.commercialcafe.com\/blog\/","name":"CommercialCafe","description":"Your Commercial Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags\/945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags"}],"about":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/taxonomies\/post_tag"}],"wp:post_type":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts?tags=945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}