A Quick Guide to Commercial Title Services: Six Important Facts

Commercial title services are the unsung heroes of successful real estate deals, ensuring every transaction is secure and risk-free.

Commercial real estate transactions are often nuanced and high-stakes investments. Intricate histories, lengthy legal descriptions, zoning changes, building reconstructions, and multiple property owners can make it difficult to establish ownership. That’s why smart buyers and lenders looking to protect their investments rely on quality commercial title services to get the highest levels of safety and expertise.

In this article, we will examine six important facts about commercial title services and how they can benefit you.

1. Commercial title services have a broad coverage scope.

These comprehensive offerings provide buyers and lenders protection and peace of mind when conducting commercial real estate transactions. Each service exists to minimize risk during commercial property acquisitions. Commercial title services include:

• Title search
• Title examination
• Title insurance
• Cost estimation
• Commercial closing services
• And more

When you enlist the expertise of a reputable title services company, you and your commercial investment are safeguarded from potential future losses that may arise from undiscovered title issues.

2. A quality title search is in everyone’s best interest.

A title search is a critical part of any property purchase. Commercial properties, in particular, tend to have complicated histories and many public filings attached to them. The title insurance company will complete a thorough search of the property and land’s ownership history so they can resolve any issues that are identified. These issues could include past liens, ownership disputes, overdue taxes, unpaid bills, or unknown easements. It’s a win-win partnership: the title company protects its financial interests in the property, and you benefit by knowing the property is clear for ownership.

3. Title searches alone are not enough.

Even the most meticulous title search can miss something critical. In the event a claim is filed against your property from a previous ownership issue, commercial title insurance delivers extra protection by covering you against fees and losses up to the value of your policy. Together, a thorough title search and commercial real estate title insurance ensure you are well-protected.

4. Title companies can streamline complex transactions.

Commercial real estate deals can involve multiple parties, intricate legal requirements, and tight timelines. Having a dedicated title services team can significantly streamline this process. From ensuring proper documentation to coordinating between buyers, sellers, and legal professionals, the commercial title services provider keeps the transaction moving smoothly. Their expertise ensures that any potential roadblocks are identified and addressed early, allowing you to focus on the bigger picture and make informed decisions with confidence.

5. Title insurance is a one-time investment you can’t afford to do without.

Essentially, title insurance safeguards policyholders from events that happened in the past. This makes title insurance unique from other forms of insurance, which are designed to protect policyholders from things that might occur in the future. The one-time payment is relatively inexpensive. It is made at the time of closing and will protect you for as long as you own the commercial property.

6. Your title team is there to guide you.

There are many moving parts to commercial property transactions. With so many parties involved, including buyers, sellers, attorneys, corporate members, board members, assigned signors, and more, these closings are inherently complex. Whether you are new to commercial real estate or are a savvy, seasoned buyer, you can count on your commercial title services team to support and protect you every step of the way.

Since our inception thirty years ago, Certified Title Corporation has built an exceptional reputation in the industry. We are proud to provide responsible, efficient, and personal service for some of the largest and most recognized commercial properties in the region. Count of our depth of experience in the commercial real estate industry so you can complete even the most complicated settlements with confidence.

Certified’s client-centric philosophy and leading-edge technology represent the foundation of our business practices. To find out how our team of professionals can help with your commercial title service’s needs, please contact us anytime.

About Certified Title Corporation: Since 1994, attorney-owned Certified Title Corporation has been furnishing residential and commercial real estate stakeholders across the nation with robust title insurance, settlement, and escrow services. Renowned for its industry-leading reliability and exemplary level of service and quality, the Maryland-based company helps clients from all walks of life achieve their asset goals. To learn more, call (888)486-5511 or visit https://www.certifiedtitlecorp.com/.