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.
Most commercial real estate leases require a tenant to provide an estoppel letter or certificate upon request and this is often a critical step during the due diligence phase of an acquisition and the also during the underwriting of a commercial real estate loan.