Central and South Florida commercial closings often involve multiple contracts between multiple legal entities. The people/entities involved desire to limit their liability and commonly do so by creating such entities for the purpose of legally owning the real estate. Sometimes it is necessary to take special measures to assess the fitness of such corporations, Limited Liability Companies (LLCs) and Limited Liability Partnerships (LLPs) to enter into the sale.

Before title insurance is purchased for the commercial property you are selling/buying, a title company (True Title) searches these records to find – and remedy, if possible – several types of ownership issues. Its primary purposes are to eliminate mistrust and to increase accountability. No party to the transaction gets paid until everyone’s requirements are met, and at that point, everybody receives the money due to him/her. A variety of capital escrow sources adds another level of complexity to North and Central Florida commercial closings.

A competent title company (True Title) must be able to deal with these issues and handle many more tasks as well. One absolutely crucial step in Florida commercial closings is the procurement of title insurance. Our commercial closings company and our team of experts can help here as well!