ALTA stands for American Land Title Association and it created the standard for conducting accredited land title surveys. Before you hire a survey corporation in the US, you need to make sure that it is an approved organization certified and experienced in ALTA/ACSM land title surveys. The survey is designed for commercial properties and it follows a set of uniform standards for construction purposes. A qualified surveyor must abide by the survey standards set by the government and authorized institutions like ALTA to ensure reliable results. Here are some of the steps involved in an ALTA land survey:
The information that will be gathered through an ALTA survey should assist lenders and purchasers when evaluating the property and land for potential risks. Likewise, it must show the benefits of owning that property. Before conducting the survey, there must be a current title commitment that the surveyor can refer to for the legal description of a property and any encumbrances. The certification of an ALTA survey must include names of affected parties, such as the buyer, title company, lender, and seller. Surveyors must work closely with a title insurance company for a more comprehensive survey.
Hiring an experienced ALTA land surveyor will make it easier to accomplish commercial land surveys. ALTA surveys may cost a bit more than conventional land surveys for contouring and mapping, but they are faster, accurate, and more detailed, making them highly preferred for commercial applications.
- Getting information on the property easements and boundaries.
- Getting information on other features of a property that may determine or affect ownership.
- Acquiring information on the land, which may require more investigation with regards to the possibility of adverse rights on the property.
- Determining improvements, ownership areas, easements, encumbrances, encroachments, and other crucial aspects that may affect ownership of the land.
- Suggesting improvements on the land, like trails, fences, rights of ways, and roads when applicable
The information that will be gathered through an ALTA survey should assist lenders and purchasers when evaluating the property and land for potential risks. Likewise, it must show the benefits of owning that property. Before conducting the survey, there must be a current title commitment that the surveyor can refer to for the legal description of a property and any encumbrances. The certification of an ALTA survey must include names of affected parties, such as the buyer, title company, lender, and seller. Surveyors must work closely with a title insurance company for a more comprehensive survey.
Hiring an experienced ALTA land surveyor will make it easier to accomplish commercial land surveys. ALTA surveys may cost a bit more than conventional land surveys for contouring and mapping, but they are faster, accurate, and more detailed, making them highly preferred for commercial applications.