Review Title Policy Exceptions

[Charles D. Smith]

While many CRE investors rightfully rely on their attorneys for reviewing Titles, it's never a bad idea for investors to lay their eyes on any Title Policy exceptions to ensure there is nothing in the title that could negatively affect their future plans for the property. For example, your attorney may not be aware that you have aspirations of someday converting the office property you are buying into a retail shopping center. Therefore, they may not be too concerned when they come across certain use restrictions which would restrict anyone from ever operating a grocery store or fitness center on the property. At a minimum, investors should talk through all exceptions with their attorneys to ensure they understand what is in there.