The American Land Title Association (“ALTA) and the National Society of Professional Surveyors (“NSPS”) revised the minimum standards for ALTA/NSPS land title surveys (“ALTA Surveys”) in 2016. An ALTA Survey is, in effect, a combination of a boundary survey, an as-built survey and a title survey. Accepted in all 50 states, an ALTA Survey represents the highest standards in the industry.
Many lenders, attorneys and commercial real estate buyers will only consider using an ALTA Survey for due diligence decisions relating to an acquisition or mortgage on a parcel of land. Only a professional land surveyor can prepare an ALTA Survey.
A professional land surveyor will also strictly adhere to state laws with regard to completing ALTA Surveys. ALTA Surveys are widely considered to be the most detailed and comprehensive form of land survey for the commercial real estate market.
ALTA Surveys are performed by trained professionals
There are four broad components to an ALTA Survey: research, fieldwork, drafting and revision. Depending on the complexity of the assignment the entire process can be typically performed in 2 to 3 weeks. When shorter time periods are needed, only larger staffed companies deploying the most recent technology and equipment should be engaged.