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Commercial Real Estate Deeds Texas
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Our Commercial Real Estate Legal Services:
Answering The Call
Getting in touch with a real estate lawyer from Farah Law Firm is the first step in giving you the asset protection you need. Don’t discover the value of such services after the fact.
Commercial real estate transactions are a pivotal aspect of the Texas economy. The cornerstone of these transactions is the exchange of commercial deeds, which legally transfer ownership from one party to another. This page aims to shed light on the intricacies of deeds for Texas commercial properties, ensuring you’re well-versed for your upcoming commercial endeavors.
Understanding Commercial Deeds
A commercial deed is a legal document that conveys the title of a commercial property from the seller to the buyer. It’s an indispensable component of commercial real estate transactions in Texas. For a commercial deed to be valid in Texas, it must:
- Be in writing,
- Be signed by the seller,
- Include the buyer’s name,
- Contain a legal description of the property,
- Be delivered to and accepted by the buyer.
Types of Commercial Deeds
In Texas, there are three primary types of commercial property deeds utilized in commercial real estate transactions:
- General Warranty Deed: This deed provides the highest level of protection to the buyer, guaranteeing that the seller owns the property free and clear of any encumbrances, regardless of when they occurred.
- Special Warranty Deed: Unlike the General Warranty Deed, a Special Warranty Deed only covers the period during which the seller owned the property. It’s a frequent choice in transactions involving commercial property deeds in Texas as it minimizes the seller’s liability for any title issues.
- Deed Without Warranties: This deed offers no warranties against encumbrances, making it the least protective deed for buyers. It merely transfers whatever interest the seller has in the property to the buyer.
Texas Recording Act
In Texas, the Recording Act mandates that commercial deeds and other conveyances be recorded to be enforceable against third parties. While an unrecorded deed is valid between the buyer and seller, recording the commercial property deed protects the buyer against claims from third parties.
Notice and Bona Fide Purchasers
Notice, whether actual, constructive, or inquiry, plays a significant role in determining the rights of subsequent purchasers. Bona Fide Purchasers—those who purchase property without notice of prior conflicting interests and for valuable consideration—hold a privileged position under Texas law. Ensuring proper recording and understanding the nuances of notice can mitigate risks associated with commercial real estate transactions.
Seeking Legal Assistance
Navigating the landscape of commercial property deeds in Texas can be intricate. Engaging with experienced real estate attorneys can provide invaluable assistance, ensuring that your commercial transactions are executed smoothly and in compliance with Texas law.
What Our Clients Say About Us
EDDIE G.
“Michael, I would like to express my thanks to you and your entire team for all your hard work in getting my case to a fair and generous settlement. I could not have asked for better legal representation for the long and nerve-racking process of my case. You are very compassionate, nice, and extremely good at what you do. I respect your dedication representing the victims of a personal injury cases.”
TINA L.
“The Farah Law Firm has an extensive knowledge of business entity transactions in Texas and had kept my transaction moving smoothly and in the right direction. Thank you Michael for making the process easy.”
ESSAM K.
“Michael drafted the lease that we will use for our commercial building. He had great communication, was readily available to answer any questions we had, and was very professional. He wrote us a lease that fit our need and I will definitely work with The Farah Law Firm again in the future.”
CHARLES B.
“I hired The Farah Law Firm for the non-traditional sale of my residential property. The Farah Law Firm’s professionalism and outstanding knowledge of residential transactions made the sale go smoothly. The Attorneys and staff at the Farah Law Firm were understanding and took the time to explain each step of the process. They will be the ones who I will refer to all my friends and family for any future legal endeavors.”
LALO T.
*Please note: Due to the costs involved and the favorability of land in Texas per contract and common law, we currently are not accepting residential tenant defense cases.
“I was referred to The Farah Law Firm by a friend of mine when I was injured in an auto accident. I am so glad that my friend referred me to Michael and his extremely helpful team. They were not only successful in getting my settlement but also helped me find great doctors to aid in my recovery from the accident. I highly recommend The Farah Law Firm.”