Commercial Closing Customs, State by State
Buying or financing commercial real estate in another state? Explore who customarily pays title insurance, transfer taxes, recording charges, and other closing expenses. Customs vary by transaction and location.
Title insurance pricing
For a preliminary reference, see Fidelity National Financial's rate calculator. The public calculator is intended for residential transactions and may not accurately price commercial transactions. Request a commercial quote from a title company for transaction-specific premiums, endorsements, and charges.
Compare all statesOutlined cells differ from New York
| State | Owner's policy | Lender's policy | Title search | Survey | Closing fee | Recording | Transfer tax | Mortgage tax |
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General information only. This page and this website provide general information, not legal, tax, title, or financial advice. This page summarizes customary allocations of certain commercial real estate closing expenses. Laws, rates, taxes, local practices, and transaction terms may change at any time without notice. Information on this page or elsewhere on this website may be incomplete, inaccurate, or outdated, and practices can vary by county, municipality, lender, title insurer, and agreement. No representation or warranty is made as to accuracy or completeness, and the firm disclaims responsibility for errors, omissions, or reliance on this information to the extent permitted by law. Use of this page or this website, including any inquiry arising from it, does not create an attorney-client relationship. Consult qualified local counsel and the applicable title company before relying on any figure or allocation. See also our Legal Notice.