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.
Who Assumes Legal Liability for Commercial Property. Another important aspect of buying and selling commercial real estate is the potential transfer of legal liability to the new owner. If commercial property is found to violate certain laws, it can be subject to government regulation.