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Cj, Other/Just Looking in Orlando, FL

What is a TIC home?

Asked by Cj, Orlando, FL Fri Oct 17, 2008

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http://www.andysirkin.com/HTMLArticle.cfm?Article=1

The acronym “TIC”, which stands for tenancy in common and tenants in common, refers to arrangements under which two or more people co-own a parcel of real estate without a “right of survivorship”. This type of co-ownership allows each co-owner to choose who will inherit his/her ownership interest upon death.
0 votes Thank Flag Link Sat May 3, 2014
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