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A co-ownership of property as an undivided interest between 2 or more individuals. The surviving co-owner of a TIC does not have an automatic right to inherit a deceased owner's interest upon his or her death, but instead the deceased co-owner can dispose of his or her interest by will or testamentary trust.

Synonyms: TIC, tenant-in-common, tenants in common, tenants-in-common
Synonyms list (a comma-separated list)
TIC, tenant-in-common, tenants in common, tenants-in-common