A Guide to Commercial Real Estate Closing Documents
Closing on a commercial real estate transaction involves more documentation than a residential sale. Understanding what each document does helps you close with confidence.
Key Seller Documents
- Grant Deed: Transfers legal ownership of the property from seller to buyer
- Bill of Sale: Transfers personal property included in the sale (appliances, laundry equipment)
- Assignment of Leases: Transfers all tenant leases and security deposits to the buyer
- Assignment of Contracts: Transfers any service contracts (landscaping, elevator, pest control)
- Seller's Affidavit: Certifies that the seller has disclosed all known material facts about the property
- FIRPTA Certification: Certifies whether the seller is a foreign person for withholding purposes
Key Buyer Documents
- Promissory Note: The loan commitment — promises to repay the mortgage
- Deed of Trust: Gives the lender a security interest in the property
- Closing Disclosure (CD): Final breakdown of all costs and credits at closing
Title and Escrow Documents
- Title Insurance Policy: Protects buyer (and lender) against title defects
- Preliminary Title Report: Reveals existing liens, easements, and encumbrances
- Escrow Instructions: The agreement governing how escrow holds and disburses funds
Samimi CRE Advisors coordinates every aspect of the closing process for our clients. Contact us to learn how we make transactions seamless.

