An ALTA survey, also known as an ALTA/NSPS survey, is a detailed and comprehensive type of land survey conducted in the United States. ALTA stands for American Land Title Association, while NSPS stands for National Society of Professional Surveyors.
An ALTA survey is typically performed when commercial real estate is being bought, sold, or financed. It provides a thorough analysis of the land, its boundaries, improvements, and any potential encumbrances that may affect the property. This survey is often required by title companies, lenders, and property owners to ensure clear and accurate information about the property.
Some key features of an ALTA survey include:
Boundary determination: The surveyor identifies and marks the property's boundaries, both in terms of legal descriptions and physical markers on the ground.
Easements and encumbrances: The survey examines any existing easements, rights-of-way, or restrictions on the property. This includes identifying the location of utility lines, drainage systems, and other structures.
Improvements and use restrictions: The survey records all buildings, structures, parking lots, fences, and other improvements on the property. It also identifies any use restrictions based on zoning or other regulations.
Title commitment review: The surveyor reviews the title commitment documents provided by the title company to identify any potential issues or discrepancies.
Mapping and certification: The surveyor creates a detailed plat or map of the property, depicting all relevant features and their relationships. They will also provide a signed certification stating that the survey was conducted in compliance with applicable standards.
It is important to note that an ALTA survey is more detailed and comprehensive than a typical boundary survey. As a result, it usually takes more time and may require additional research and coordination with various parties involved in the property transaction.
ALTA surveys can help ensure that all parties have a clear understanding of the property's boundaries, potential encumbrances, and any other factors that may impact its use or value.
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