Products & Services

Commercial Owners GOLD

Whatever type of commercial property transaction is being undertaken, speed, simplicity and confidence are all key to its success. First Title offers insurance cover for commercial property transactions aimed at de-risking the acquisition, sale and refinancing processes, making them more rapid, easier, cost effective and with added peace of mind.

Why use First Title? Commercial purchasers, owners and lenders derive a range of benefits, including:

• To streamline due diligence during the acquisition or refinancing process where there are time restraints – First Title's commercial title insurance cover replacing certain steps in the due diligence process
• To close problem transactions on time with the safety net of commercial title insurance by, for example:
  
  
  • Reducing due diligence and speeding up refinancing of existing property portfolios
  • Releasing money held against warranties given
  • Insuring over identified risks
• To insure over risks identified during due diligence, using First Title's specialised "Known Risk" cover
• To take advantage of First Title's "Good Title" cover, providing protection against any unknown risks that may arise after settlement
• To assist in simplifying future refinancing or securitisation
• To assist in the sale process where, for example, a purchaser wishes to subsequently sell any insured properties by renewing cover in the name of the second purchaser (for an additional premium). If any issues are identified, First Title may well be able to insure over these
• To replace warranties to accelerate the release of funds to investors when assets are sold
• To provide blanket cover for property portfolio acquisitions to avoid excessive new or repeated examination of title
• To replace warranties and representations as to title that a liquidator or administrator is unlikely to provide when selling an insolvent company’s property assets – commercial title insurance cover being tailored to mirror those warranties and representations – inflating the price of the property sale with the premium being charged as a cost of the liquidation or administration

First Title provides cover for most types of commercial property – including industrial, retail, office, hotels and resorts, retirement villages, wind farms, golf courses and more.

First Title works with commercial purchasers, owners, lenders and lawyers. Utilising title insurance leaves lawyers free to add real value to the transaction, perhaps by organising an appropriate structure for the sale, purchase or refinance – without being weighed down with time consuming title investigations.

First Title has a dedicated and experienced commercial title insurance Underwriting Team, being the world’s leading title insurer and the first title insurer to offer commercial title insurance in Australia.

For further information see our Resource Centre. Alternatively, please contact our Customer Service Team on 1300 362 178 or click here to contact us.