When it comes to property transactions and development projects, having accurate and comprehensive surveys are essential. Two common types of surveys that play a crucial role in real estate transactions are ALTA/NSPS Land Title Surveys and Boundary Surveys. Let’s explore what these surveys entail, their requirements, and the key differences between them, while also highlighting Viox & Viox’s ability to provide both types of surveys.
ALTA/NSPS Land Title Survey: Overview and Requirements
An ALTA/NSPS Land Title Survey, commonly referred to as an ALTA survey, is a detailed survey conducted according to standards set by the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS). These surveys are often required by lenders and title insurance companies during commercial real estate transactions. Here’s what an ALTA/NSPS Land Title Survey typically involves:
- Boundary Determination: Like a traditional boundary survey, an ALTA survey involves determining the property’s boundary lines.
- Improvement Location: The survey also identifies improvements on the property, such as buildings, structures, utilities, and paved area.
- Zoning Information: ALTA surveys include information on zoning regulations as provided by a zoning report typically provided by the client.
- Title Commitment Review: Surveyors review the title commitment and documents provided by the title insurance company to ensure that survey-related items are plotted on the survey map.
- Certification: Upon completion, the surveyor provides a certification confirming the accuracy of the survey and its compliance with ALTA/NSPS standards.
Key Differences Between ALTA/NSPS Land Title Surveys and Boundary Surveys
While ALTA/NSPS Land Title Surveys and Boundary Surveys share some similarities, there are notable differences that property owners and developers should be aware of:
- Purpose:
- ALTA/NSPS Land Title Survey: The primary purpose of an ALTA survey is to provide title insurance companies and lenders with detailed information about the property’s boundaries, improvements, easements, and encumbrances to facilitate real estate transactions.
- Boundary Survey: A boundary survey focuses specifically on determining and documenting the property’s boundary lines, markers, and related information. It may not include as much detailed information about improvements, zoning or encumbrances.
2. Standards and Requirements:
- ALTA/NSPS Land Title Survey: ALTA surveys must adhere to strict standards set by the ALTA and NSPS, including specific survey elements, certifications, and optional Table A requirements that can be customized based on the transaction’s needs.
- Boundary Survey: While boundary surveys follow industry standards and state regulations, they may not include all the detailed requirements specified to an ALTA survey, especially regarding improvements and encumbrances.
3. Cost and Complexity:
- ALTA/NSPS Land Title Survey: Due to the comprehensive nature of ALTA surveys and the adherence to specific standards, they can be more complex and costly than traditional boundary surveys.
- Boundary Survey: Boundary surveys are generally more straightforward and cost-effective, focusing primarily on defining property boundaries without extensive additional information.
Viox & Viox: Your Surveying Experts for ALTA/NSPS Land Title Surveys and Boundary Surveys
Viox & Viox is a trusted provider of professional surveying services, including ALTA/NSPS Land Title Surveys and Boundary Surveys. Here’s how we can assist you:
- ALTA/NSPS Land Title Surveys: Our experienced surveyors ensure that ALTA surveys meet all required standards and certifications, providing accurate and reliable information for your real estate transactions.
- Boundary Surveys: We conduct precise boundary surveys tailored to your needs, whether for property ownership documentation, development projects, or legal purposes.
Trust Viox & Viox for comprehensive and dependable surveying services that meet the highest standards of accuracy and professionalism. Contact us today for your surveying needs in Ohio or Kentucky.