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Definition of common council - a town or city council, now only in London and some parts of Canada and the US.
Clear Answers and Explanations on Tenancy In Common (TIC) By Andy Sirkin (5/19/11) What is a tenancy in common (TIC)? The acronym âTICâ, 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 without a âright of survivorshipâ. This type of co-ownership allows each co-owner to choose who will inherit his/her ownership interest upon death.