What is the difference between a deed and a title in commercial real estate?

The difference between a deed and a title in commercial real estate is a major distinction. A deed is a legal document that serves as evidence that an individual or business has a right to own a certain piece of real property. This document is typically used when transferring the ownership of a property from one person to another. The deed will generally include the names of the parties involved, the description of the property, and the details of the transfer. A title, on the other hand, is a document which serves as evidence of ownership of a certain piece of real property. It is granted by a government body or other official authority and includes names of existing and past owners of a property, the address of the property, and the date of ownership. The title is an important document as it serves to define the boundaries of a property and provide evidence of ownership. In commercial real estate law in Washington, a deed is a key document for any transfer of title as it provides evidence that the transfer of ownership has been legally authorized. In addition, the title must be registered with the local county or with Washington State, depending on the type of property. Both deeds and titles are essential parts of the commercial real estate process, and understanding the difference between the two is essential for any transaction.

Related FAQs

What is the difference between a deed and a title in commercial real estate?

Related FAQs

Related Blog Posts