Commercial Closings

MOST COMMERCIAL TRANSACTIONS INVOLVE CORPORATE ENTITIES AS BUYER AND SELLER AND MAY INVOLVE PROPERTIES SUCH AS VACANT LAND, WAREHOUSES, OFFICE CONDOMINIUMS, HOTELS, OFFICE BUILDINGS AND APARTMENTS.


THE TERMS OF A COMMERCIAL CONTRACT MAY DIFFER FROM THAT OF A RESIDENTIAL CONTRACT IN THAT IT MAY CONTAIN REQUIREMENTS FOR ADDITIONALS DEPOSITS, INSPECTION PERIODS, GOVERNMENT APPROVALS FOR INTENDED USE AND SPECIFICS REGARDING THE LOAN APPROVAL.

THE TITLE AGENCY WILL PERFORM A TITLE SEARCH ON THE PROPERTY.


COMMERICAL BUYERS ALSO RECEIVE AN OWNER’S POLICY OF TITLE INSURANCE ISSUED BY A TITLE COMPANY WHICH PROTECTS THE BUYER’S INTEREST IN THE PROPERTY.

CONTACT US BY EMAIL AT KIRSTEN@BRIGHTTITLETRUST.COM OR LINDA@BRIGHTTTILETRUST.COM
OR BY PHONE AT 407-636-9667 FOR FUTHER INFORMATION.


IN BOTH RESIDENTIAL AND COMMERCIAL TRANSACTIONS IF A LOAN IS TAKEN OUT TO PURCHASE THE PROPERTY THE LENDER REQUIRES A LOAN POLICY OF TITLE INSURANCE ISSUED BY A TITLE COMPANY TO PROTECT THE LENDER’S INTEREST IN THE PROPERTY. THIS IS CUSTOMARILY PAID FOR BY THE BUYER.