Buying Commercial Property · glossary
The buyer's solicitors' signed statement to the lender of what their investigation found. The lender relies on it instead of investigating again, and the firm answers to the lender for it, so a partner signs it. It does not make the firm the lender's solicitors. Chapter 8 · see Report on title
Explained in Chapter 8, The Report on Title and the Bank, of Buying Commercial Property.
A certificate of title is the buyer's solicitors' signed statement to the lender of what their investigation found. It says who owns the Property, what burdens the title and what the searches showed. On the strength of it, Wharfedale accepts the building as its security. The partner signed it on the day Fellgate's board approved the purchase.Read Chapter 8, The Report on Title and the Bank →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Buying Commercial Property and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Buying Commercial Property → · All terms A–Z →