Tenants in Common (TIC) agreements are business arrangements that specify the ownership and rights of each tenant with respect to a given property. In these agreements, tenants have exclusive ownership rights over their portion of the property, allowing them to use it as they see fit while still co-owning the entire property with other tenants. These types of arrangements are beneficial for businesses wishing to share the burden of owning and managing a property or those looking to guard against risks associated with individual property ownership. With TIC agreements, tenants can be sure that the conditions of their agreement will remain unchanged, regardless of what happens to the other tenants involved.