boat registration, british virgin islands yacht registration, marine documentation, USA
21 February, 2018


The acronym "TIC", which stands for tenancy in common and tenants in common, refers to arrangements under which two or more people co-own a parcel of real estate (or in this case, a vessel), without a "right of survivorship".

This type of co-ownership allows each co-owner to choose who will inherit his/her ownership interest upon death.

By contrast, the type of co-ownership called "joint tenancy" requires that each co-owner's interest pass to the other co-owners upon death.

The broader terms "fractional ownership", "shared ownership", and "co-ownership" encompass all arrangements involving two or more owners, including tenancy in common and joint tenancy.

Proud Member of the
Florida Yacht Brokers Association
Vessel Registration, marine documentation, Registration boat

All Yacht Registries, Inc.
The Full Service Yacht Registry Specialists