Partnering with a skilled commercial title company during your commercial transaction is one of the best ways to ensure your transaction is successful. However, some people have questions about what a title insurance company actually does throughout the course of a commercial transaction. In this article, we are going to explain the primary duties of a commercial title insurance company during a commercial transaction.
Title Searchers
The first and perhaps most important responsibility of your title company is to complete a detailed title search on your property. During this search, the title searcher is combing through the history of title to the property, identifying any defects or errors that exist, and clearing these up to avoid future title issues.
Title Policy Issuers
Using the title search as a basis, your title company will then issue you a title insurance policy for your commercial property, which will protect your interest in the property after you purchase it.
Closing Agents
At the end of the process, your title insurance company usually acts as your closing agent at the closing table. They will ensure all the right documents are present and signed by the right parties when it comes time to close on your property.
Start Your Commercial Transaction
Typically, the earlier you get started on your commercial real estate transaction, the better off you’ll be! One of the first things you’ll want to do in the process is to contact a commercial title company that can assist you with all the intricate details of your transaction. That’s where we come in. At Commercial Partners Title Company, we have decades of experience facilitating transactions in the commercial real estate market. Our team has the skills and expertise needed to make sure your transaction is a success. Chat with our team of commercial real estate professionals today!