L. Title Insurance and Commercial Leases
| Library | Practical Guide to Commercial Real Estate in South Carolina (SCBar) (2012 Ed.) |
L. Title Insurance and Commercial Leases
1. Requirements for Obtaining a Leasehold Title Insurance Policy
To obtain leasehold policy of title insurance, generally the following requirements should be complied with:
a. A written lease must exist;...
b. The lease or any memorandum thereof must contain language granting a leasehold estate, describe the property, contain a definite term, and specify rent and manner of payment;
c. Lease or memorandum must be executed with the same formalities as a deed. This means
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