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What types of legal matters or problems generally arise concerning ownership and transfer of ownership of commercial property?
Wiki User
∙ 14y ago
The property may be subject to mortgages, assignment of leases and rents to a lender, leases, liens for installed commercial equipment or heating and ventilating equipment, judgment liens, easements, past due bills for municipal services, past due bills for utility services, past due property taxes, outstanding lawsuits, outstanding bills from contractors , tradesmen, suppliers, etc.
Another common problem is the lack of recorded authorization for the individuals signing deeds for the various commercial owners in the chain of title and corporate certificates that establish the legal existence of the various business owners of the property.
Wiki User
∙ 14y ago
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