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.
What the Estoppel Letter Does for the Buyer. An estoppel letter informs the buyer previous to the closing on the sale of the property whether or not the fees and charges against the property are current and outside a state of default.