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Aida Survey Research Paper

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How An ALTA Survey Protects You When You Buy Commercial Real Estate If you're planning to buy commercial real estate or a vacant lot for a commercial operation, then you'll probably be required to obtain an ALTA survey first. Residential surveys are typically only boundary surveys, but because commercial property often comes with a higher risk of disputes over easements and encroachments, a more detailed survey is typically required by lenders. The ALTA survey standardizes the commercial surveying process by following guidelines established by the American Land Title Association. Here's how it can protect you when you're buying commercial property. You'll Be Provided Detailed Information About The Land An ALTA survey not only defines the borders of the property, it provides a wealth of other information that can protect you as a buyer. You'll be provided with details about locations of current buildings in relationship to the property boundaries and easements, owners of adjacent properties, evidence of encroachment onto the property, proof the property isn't encroaching on neighbors, record of land development, zoning classifications, road access, and access rights to utilities. Obtaining all this information requires a physical inspection of the property as well as research into the history of the land and construction activity. …show more content…

You may want to avoid buying a commercial site with property issues or you may want to know about it in advance so you can address the problem in order to qualify for lending. You may have a hard time financing commercial land that has potential problems for boundary disputes. You'll Understand The Limits For

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