The commercial real estate document recording is highly regulated in the state of Minnesota. It’s essential that you abide by very strict rules in order to get a document successfully recorded during the commercial title insurance process. In this article, we are going to discuss some of the most important recording standards that exist for underwriting commercial title insurance in the state of Minnesota.
Minnesota Recording Standards
Recording standards for commercial real estate in Minnesota are set forth in Minnesota Statute Sections 507.24 and 507.093. Below are some of the most important things your recorded documents need to include:
- Accurate identification information of the grantor and grantee
- A statement that indicates who drafted the documents
- An accurate legal description of the property
- A notarized original signature of the grantor
- Signatures from all necessary parties
- A 3 inch margin at the top of the first page
- A 1 inch margin everywhere else
- Font size must be at least 8-point throughout the document
The document must also be legible and reproducible, with no white-out or other modifications on the document. If these standards are not met, a document may be deemed unrecordable in the state of Minnesota.
Commercial Real Estate Title Insurance
At Commercial Partners Title, we have decades of experience working with clients on their commercial real estate transactions. We are recognized in Minnesota and across the country as experts in the field of commercial title insurance. Our team of professionals can walk you through the entire process and ensure that you are fully prepared when it comes time to sit down at the closing table. Contact us today at our office in downtown Minneapolis to discuss the specifics of your next commercial real estate transaction.