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What is the Tenants-in-Common (TIC) agreement?

April 26, 2017Agreement tic

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What is the Tenants-in-Common (TIC) agreement?

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OwnHalf.com leaves nothing to guesswork when it comes to your vacation home. The Tenants-in-Common agreement is a legal document that formalizes all legal concerns regarding rights and responsibilities of each co-owner. The TIC is created and approved before purchase and covers everything from seasonal time sharing requirements and possible rental revenues to re-sale, property maintenance and repair and more.