Acquiring commercial real estate is a major investment. It can be a smart move for business owners and for those hoping to generate a relatively passive stream of income. Commercial real estate holdings, like most real property, can appreciate in value over time and allow for the accumulation of equity.
Unfortunately, those who invest in commercial real estate may eventually face title claims. Outside parties might insist that they have an interest in the property. Outdated government records or fraudulent deeds could contribute to conflict related to commercial property ownership. There might also be concerns about title records when an owner intends to sell their property. In such cases, initiating a quiet title action in court could be a beneficial decision.
What happens during quiet title proceedings?
When there are concerns about inaccurate title records or a dispute about ownership or property boundaries, a judge can help resolve the matter. Quiet title actions can settle ownership disputes and correct outdated title records.
Documentation related to prior transfers, records of a thorough title history search and even information about tax and loan payments can help show who truly owns the property. A civil court judge can review title issues and potentially settle the matter by ruling in favor of one party involved in the dispute. They can even help update the records maintained at the county recorder’s office.
Those who need to protect their interest in commercial real estate may find that litigation is the fastest and most effective means of resolving a challenging matter. Preparing for quiet title proceedings can help business leaders and investors prevent title issues from negatively impacting their holdings.
