Escrow with lease?

[Rick5978]

California,

Do you usually open escrow when you sign a commerical lease? Do you need title insurance when you do a commercial lease? What is standard? Do I give my money to the owner when we both sign the contract?What is the name of your state?

 

[nextwife]

I do know that leasehold title insurance policies are bought in a number of situations for commercial leases. Especially if significant-tenant paid improvements or customized made-to-fit equipment will be installed. This protects the leasee in the event of a title failure affecting the leasor's intrerest, or that the leasor was not acting with proper authority. THis also discloses deed restrictions and easements which could impact intended use

AS for opening escrow, hopefully a CA atty will answer that, as we don't even "open escrow" for a commercial sale in my market, otrher than to hold earnest money or to hold environmental remediation funds.