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.
BUYER a written disclosure statement to reveal the condition of various important aspects of the. property characteristics and structure(s). This disclosure is required regardless of whether or not the. transaction is done with the assistance of a real estate LICENSEE, IF (1) the property consists of at. least one but not more than four dwelling units, and UNLESS (2) the type of property transfer is not.