LAND TITLE SURVEY (ALTA SURVEY)
A Land Title Survey, also known as an ALTA Survey, is a specialized type of boundary survey that is typically requested by lenders and real estate professionals for commercial properties. The acronym "ALTA" stands for American Land Title Association, which is an organization that sets standards for surveys used in commercial real estate transactions.
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An ALTA survey is more comprehensive than a standard boundary survey, and it includes additional information about the property that is relevant to commercial transactions. Some of the features that may be included in an ALTA survey are:
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Property boundary lines
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Easements, rights-of-way, and other encumbrances
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Location of improvements, such as buildings, structures, and utilities
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Flood zones and other environmental hazards
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Zoning classifications and setback requirements
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Access points to the property, such as roads and driveways
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Legal description of the property
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Any other relevant information about the property
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An ALTA survey is typically more expensive than a standard boundary survey, but it provides more detailed information about the property that is necessary for commercial real estate transactions. Lenders and real estate professionals rely on ALTA surveys to ensure that they have a clear understanding of the property and any potential issues that may affect its value or use.