When it comes to commercial real estate transactions, having accurate and detailed property data is crucial. One of the most reliable and widely accepted types of land surveys in the industry is the ALTA survey. ALTA surveys, also known as ALTA/NSPS Land Title Surveys, provide a comprehensive analysis of a property's boundaries, improvements, easements, and other critical details. In this blog, we’ll explore what an ALTA survey is, why it’s important, and what to expect from the process.

What is an ALTA Survey?

An ALTA survey is a specialized type of land survey conducted in accordance with the standards set by the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS). These surveys go beyond standard boundary surveys by including detailed information required by title insurers, lenders, and buyers in commercial real estate transactions.

Why is an ALTA Survey Important?

1. Ensures Accurate Property Boundaries

ALTA surveys establish precise property boundaries, reducing the risk of disputes between property owners and ensuring clear legal ownership.

2. Identifies Easements and Encroachments

An ALTA survey identifies existing easements, rights-of-way, and potential encroachments that may impact property use and development.

3. Provides Essential Data for Title Insurance

Title insurance companies require an ALTA survey to identify potential issues with ownership, access, and land use before issuing a policy.

4. Facilitates Lender Requirements

Many lenders require an ALTA survey as part of their due diligence process before financing commercial real estate transactions.

5. Aids in Land Development and Zoning Compliance

Developers and property owners use ALTA surveys to ensure compliance with zoning laws and to make informed decisions regarding construction and land use.

What Does an ALTA Survey Include?

• Property boundary lines


• Building locations and improvements


• Easements, rights-of-way, and access points


• Encroachments or conflicts with adjacent properties


• Flood zone classification


• Utilities and infrastructure details


• Zoning and land-use restrictions

The ALTA Survey Process

1. Research and Preparation

Surveyors review property deeds, title commitments, and historical records to gather essential data.

2. Field Survey and Data Collection

Using advanced surveying technology, professionals measure and document property features, boundaries, and improvements.

3. Analysis and Mapping

The collected data is analyzed, and a detailed survey map is created, adhering to ALTA/NSPS standards.

4. Final Report and Review

The completed survey is reviewed by title companies, lenders, and legal professionals to ensure compliance with transaction requirements.

Conclusion

An ALTA survey is an essential tool for commercial real estate transactions, providing unparalleled accuracy and legal protection for property owners, buyers, and lenders. By working with a licensed surveyor who specializes in ALTA/NSPS Land Title Surveys, you can ensure that your investment is based on precise, reliable data.

If you're involved in a commercial property transaction, consider obtaining an ALTA survey to safeguard your investment and facilitate a smooth real estate process.