What is the process for investigating the title of a commercial real estate property?

Investigating the title of a commercial real estate property in California requires a unique set of steps. The first step is to obtain the legal description of the property. This can be found in the deed, or can be generated by a professional surveyor. The description must be precise and must cover all the elements of the land in question. Next, the title of the property must be investigated. To do this, an official title search needs to be conducted. This involves searching county records to find out who has owned the property over the years and what liens may be attached to it. After the title search is complete, a title report should be generated. This report will provide information about the ownership of the property and any liens or encumbrances on it. It is important to note that if the title is found to be defective, it can be remedied in the form of Title Insurance. Finally, a closing disclosure should be generated. This document will details all the costs associated with the sale, including any transfer taxes, escrow fees, title charges, attorney fees, and other closing costs. Once all of these steps have been completed, the title of the commercial real estate property has been sufficiently investigated and buyers can move forward with the transaction.

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What is the process for investigating the title of a commercial real estate property?

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