Commercial Real Estate Settlements
Commercial Title Company in Northern VA
The purchase of commercial properties in Northern Virginia requires precision, attention to detail and an in-depth understanding of the many issues exclusive to commercial real estate closings in the Washington, D.C. region.
The experienced commercial title and escrow agents at Northern Virginia Title & Escrow take pride in our attention to detail, ensuring the smoothest of white-glove settlement services. We handle all levels of commercial title needs, whether it is an office condominium unit or large industrial, multi-parcel for our clients. NVT&E is able to facilitate transactions involving every type of commercial property. We go above and beyond traditional services, including the extra mile so your commercial investment is completed without a hitch.
We are able to facilitate transactions involving every type of commercial property. At NVT&E, we go above and beyond traditional title search services by conducting a comprehensive 30-year search. We go further so your commercial investment is completed handled smoothly and confidently.
We’ve worked with Northern Virginia area realtors, attorneys, bankers and other related industry professionals for almost 30 years. We look forward to serving you.
Commercial Title Insurance
Buying a piece of commercial property should involve a title search. This is a deep dive into records to ensure that there are no title issues, such as judgments, liens, easements, and so forth. Should any issue arise, it can often be handled by the seller before the closing to allow the title to be free and clear. At that time, a title insurance policy will be offered.
There are two types of commercial title insurance - an owner’s policy and a lender’s policy.
An owner’s policy protects you, as the owner, from any title issues that arise in the future. This protection will last for as long as you have an interest in the property. A lender’s policy, on the other hand, protects the lender who is taking a risk with your investment. This policy matches the loan and, once it is satisfied, the policy becomes null and void, too.
A few common title issues that commercial title insurance covers include:
Erroneously recorded documents
Why Choose Northern Virginia Title & Escrow?
Commercial real estate transactions can be very involved and are often quite complex. In order to ensure that the entire process will be hassle-free, it is important to work with highly-skilled and experienced title agents. And, that is exactly what you will find at NVT&E.
Whether you are new to commercial real estate investment or you are a seasoned investor, being able to count on a team of title experts can prove to be very beneficial. Commercial transactions often involve a lot of money and a lot of different people - so this is not the time to take risks.
At NVT&E, we will make sure your property has a clean and clear title and that everything falls into place for an easy and successful settlement.
Frequently Asked Questions
Is title insurance necessary for commercial property?
Yes, title insurance can be very beneficial for those purchasing commercial property. Your lender may make a lender’s title insurance policy a condition of your loan, but an owner’s policy is often left up to your discretion. Though it is always highly recommended.
How frequently are title insurance premiums paid?
A title insurance premium is a one-time fee that is due at closing. Keep in mind that this fee is paid once for each policy, whether you have decided to purchase an owner’s policy, a lender’s policy, or both.
Who pays for title insurance in Virginia?
In Virginia, it is customary for the buyer to purchase title insurance policies.