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

Investigating the title of a commercial real estate property in Washington is a process that must be done before any sale or acquisition of the property. It is an important step to take to ensure that the buyer has a clear understanding of their rights and responsibilities regarding the property. First, the buyer should obtain a title search. This is a legal process which searches the public records to uncover any liens, encumbrances, or judgments that may be attached to the property. The buyer should also obtain a survey of the property to verify the boundaries, size, and any easements or restrictions. Next, the buyer should review all past ownership documents, such as deeds and title reports. This can help to determine if there are any discrepancies, such as an owner with a conflicting claim. It is also important to check for any unpaid taxes, assessments, or other fees that may be due from the current owner. It is also important to review the current zoning of the property to make sure it can be used for the buyer’s intended purpose. Finally, the buyer should have an attorney review the title documents to verify that the title to the property is valid and can be transferred. By taking these steps, the buyer can be confident that they are making an informed decision when purchasing commercial real estate in Washington.

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

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