ALTA/ACSM land title surveys are also
referred to as 'due diligence surveys', and they are conducted for commercial
purposes. They are different from a conventional boundary survey where only
easements, property lines, and other data as mandated by a state standard are
shown. ALTA/ACSM surveys follow a uniform set of codes for construction
purposes as set by authorized institutions and the government.
A boundary survey merely establishes the
corners of a land or a residence. On the other hand, an ALTA/ACSM survey is
required along with other important documents when going through any
transaction involving commercial real estate. It is often included as part of
the insurance or title certificate application. ALTA stands for 'American Land
Title Association', and ACSM stands for the 'American Congress on Surveying and
Mapping'.
The ALTA/ACSM standards require a highly
detailed report that will include the easements encumbering or benefiting the
property, zoning setbacks, possible encroachments across easements and
boundaries, and flood zones that could affect the property. The survey may show
whether there is any access to public roads, evidence of use by any other
parties, evidence of cemeteries, water boundaries, and the names of the owners
of an adjoining property.
Prior to measuring the property,
professional surveyors do some in-depth research on it. This is done by
examining the existing title commitment and searching for country and municipal
records for any existing encumbrances. The research will provide surveyors with
knowledge of the land, and will inform them of any possible conflict before doing an
ALTA/ACSM land title survey.
An ALTA/ACSM survey may provide more
information that is crucial to commercial real estate projects and
transactions. It can suggest improvements on the land, like roads, fences,
rights of ways, and trails. It can provide further improvements, ownership
areas, easements, and encroachments on the property and its boundaries. The
survey may provide information on the on the property.
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