On a listing they mention TIC, what does that mean?

Asked by Rosemarie Willis, Redington Beach, FL Thu Feb 16, 2012

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Linda Grey, Agent, Port Orange, FL
Fri Feb 17, 2012
If you are looking at a listing data sheet here in Florida it means TLC/tlc (tender loving care) needs some work but not quite a fixer upper. If you look at the tax records and it indicates TIC then it would be (Tenants in Common) .

Hope that helps.
Web Reference:  http://www.TheBeachLady.com
0 votes
Abu Musa, Agent, New York, NY
Thu Feb 16, 2012
In real estate when some property needs some work or repair we often say it needs TLC which stand for tender loving care..
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Josh Carmich…, Agent, Blue Ridge, GA
Thu Feb 16, 2012
I'd have to see in in the context in which it was used, but I would tend to agree with Larry. It is probably supposed to be TLC (tender loving care), which basically means it needs some work...

Josh Carmichael
Georgia Mountain & Lake Properties
cell- 706-455-9953
0 votes
Rodney Mason, Mortgage Broker Or Lender, Atlanta, GA
Thu Feb 16, 2012
TIC is a type of ownership in a property. If property is owned by two or more people as tenants in common, then each owner will hold a percentage of ownership interest in the property. The percentages don't have to be equal. They are determined by how much each party/owner contributes toward the purchase of the property in question.
Web Reference:  http://www.rodneymason.com
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Phil Rotondo, Agent, Melbourne, FL
Thu Feb 16, 2012
Ownership of property by two or more persons who do not have rights of survivorship. The share of a deceased tenant passes to that person’s heirs and not to the other tenants.
Web Reference:  http://www.321property.com
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Andrea Solom…, Agent, Stone Mountain, GA
Thu Feb 16, 2012
tic means tenant in common a form of ownership
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My NC Homes…, Agent, Chapel Hill, NC
Thu Feb 16, 2012
TLC stands for Tender Loving Care
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