# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Joint Tenants in Common (JTIC)

Written By
Paul Tracy
Updated January 16, 2021

What is Joint Tenants in Common (JTIC)?

Joint tenants in common (JTIC) is a type of ownership wherein two or more individuals jointly own a property or portfolio of assets. If one owner dies, his or her portion of the property or portfolio remains in his or her name.

How Does Joint Tenants in Common (JTIC) Work?

Individuals who jointly own assets or property in common each own a discrete portion. Typically, these portions are divided equally among all owners (for example, two owners would each have 50% ownership). If one owner dies, his or her portion becomes part of his/her estate and may be bequeathed to his/her heirs as part of a will. In other words, his/her portion of the property is not automatically allocated among the remaining owners.

For example, suppose Bob and Jack are joint tenants in common of an investment portfolio. Each own 50% of the portfolio. If Bob dies, Jack continues to own 50% of the portfolio, but Bob's 50% portion may be passed on his heirs as part of his will. Jack does not become the portfolio's sole owner.

Why Does Joint Tenants in Common (JTIC) Matter?

It is important not to confuse JTIC with joint tenancy. Under joint tenancy, ownership rights and obligations are immediately distributed among remaining owners in the event that one owner dies. Under JTIC, the ownership portion of a deceased owner may be allocated among remaining owners only if the inheritor chooses to sell the ownership portion to them.

Ask an Expert about Joint Tenants in Common (JTIC)
At InvestingAnswers, all of our content is verified for accuracy by Paul Tracy and our team of certified financial experts. We pride ourselves on quality, research, and transparency, and we value your feedback. Below you'll find answers to some of the most common reader questions about Joint Tenants in Common (JTIC).
Be the first to ask a question

If you have a question about Joint Tenants in Common (JTIC), then please ask Paul.

Ask a question

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 2 million monthly readers.

If you have a question about Joint Tenants in Common (JTIC), then please ask Paul.

Ask a question Read more from Paul

Read this next

Paul Tracy - profile
Ask an Expert about Joint Tenants in Common (JTIC)

By submitting this form you agree with our Privacy Policy

Share
close
Don't Know a Financial Term?
Search our library of 4,000+ terms