The location endorsements are just a couple of many endorsements that can be used in commercial title insurance. In this article, we are going to walk through some of the basics of the ALTA location endorsements that can be used when underwriting commercial title insurance.
Location Endorsements (ALTA 22)
The location endorsements insure that a particular type of improvement is located at a particular address and connects that street address to the insured property. The ALTA 22.1 endorsement also references an attached map of the property. This is normally used on residential transactions.
The location endorsements are available in both owner’s and lender’s title insurance policies.
Begin Your Commercial Real Estate Transaction
Contact a skilled title company today to begin your commercial real estate transaction! At Commercial Partners Title Company we help facilitate commercial real estate transactions of all shapes and sizes in Minnesota and across the United States. Our team of commercial title experts can help you through all the specific and unique details of your next commercial transaction and ensure everything is in order for the closing table. Contact our experts today at our downtown Minneapolis offices to set up a time to chat and see how we can help you manage all the ins and outs of your commercial transaction.