noun howÂ·itÂ·zer \ËhauÌ-Ét-sÉr\. : a large gun that is used to fire shells high into the air for a short distance.
As with residential transactions, commercial real estate transactions will. include a typical quitclaim deed, non-foreign affidavit and title affidavit. However, there will be several other documents included in the transfer package. Unless the commercial property consists of raw land, there will be an.
The real estate agents involved in the sale transaction and the lender are often the best people to coordinate the closing arrangements. Most lenders require at least 3 to 5 days advance notice of the closing date in order to prepare the loan documents and get them to the closing agent. There are standard documents and exhibits that are commonly required for a loan closing, regardless of jurisdiction.