ALTA
     
 

The ALTA survey has long been the standard for land surveys of commercial properties. The specific level of detail and accuracy required by lenders, title companies and owner/buyers has been standardized by industry associations in its publication, “Minimum Standard Data Requirements for Land/Title Surveys,” by ALTA and ACSM/NSPS. To read or download your own copy of the current standards, chick the above link or go to the ACSM website.

Each ALTA survey may also include additional items beyond the minimum standard level of detail. This additional items are known as Table A items. Click on the link to view these items.

When requesting an ALTA survey, the surveyor may ask you for “Lender’s Requirements.” Lender’s Requirements are the specific list of items to be shown and certified on the survey prior to funding a loan for the purpose of purchasing commercial real estate. These Lender’s Requirements are usually a simple restating of the ALTA Minimum Standards, including all Table A items required by that lender.

If you have need of an ALTA survey, our specialty, how fast can you expect it to take to complete? The ALTA survey generally takes only as long as any other survey, and is entirely dependent on the size of the property, the number of buildings, and level of complexity of surveyable features. Escrow period and contingency waives often dictate the schedule of inspections and surveys. At Silicon Valley Land Surveying, Inc. we have greater depth and bredth of resources than the traditional land surveyor/sole proprietor. We can respond to even the most challenging and demanding escrow requirements usually without any effect on your costs.

If you have need of an ALTA survey, you can expect the cost to depend on how large the parcel is; how complex the site is; what level of detail the lender requires; when the ALTA needs to be completed; and how soon the client can provide title reports, signed contracts and required deposit (if any).

EXAMPLE of ALTA pdf

 

 
     
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