ALTA Surveys: Why They Matter and How to Get One for Your Property
ALTA Surveys: Why They Matter and How to Get One for Your Property
Blog Article
An ALTA (American Land Title Association) survey is a highly detailed land survey often required for commercial real estate transactions. It provides critical information about property boundaries, improvements, easements, and legal rights associated with a piece of land. If you are involved in a real estate deal or development project, understanding ALTA surveys and how to obtain one is essential.
What is an ALTA Survey?
An ALTA survey is a comprehensive land survey conducted according to the standards set by the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS). It includes boundary lines, easements, rights-of-way, zoning classifications, and other property-related details necessary for legal and financial transactions.
Why Do You Need an ALTA Survey?
An ALTA survey provides several key benefits:
- Ensures Property Boundary Accuracy: Verifies exact property lines and legal descriptions.
- Identifies Easements and Encroachments: Helps determine if neighboring properties or utilities have rights over the land.
- Required for Title Insurance: Many lenders and title companies require an ALTA survey for issuing title insurance.
- Supports Legal and Development Planning: Helps avoid disputes and ensures compliance with zoning laws and regulations.
Steps to Getting an ALTA Survey
1. Hire a Qualified ALTA Surveyor
Search for licensed and experienced surveyors specializing in ALTA/NSPS land title surveys. Use directories like the National Society of Professional Surveyors (NSPS) or consult local real estate professionals.
2. Define the Scope of the Survey
ALTA surveys include optional Table A items, which specify additional details such as topography, flood zone classification, or utility locations. Work with your surveyor to determine what should be included.
3. Coordinate with the Title Company
ALTA surveys require collaboration between the surveyor and the title company to include property records, legal descriptions, and title commitments.
4. Conduct the Field Survey and Data Collection
The surveyor will visit the property to collect data on boundaries, structures, and physical features. They use GPS, aerial mapping, and traditional surveying methods to ensure accuracy.
5. Review and Finalize the Survey Report
Once completed, the surveyor provides a detailed map and report that meets ALTA/NSPS standards. Ensure all required details are included before finalizing the survey.
Final Thoughts
An ALTA survey is a critical document for commercial real estate transactions, property development, and title insurance. By hiring a qualified surveyor and ensuring proper coordination with title companies, you can obtain a precise and legally compliant survey. Report this page