Bring uniformity in survey information through Alta survey - PowerPoint PPT Presentation

About This Presentation
Title:

Bring uniformity in survey information through Alta survey

Description:

ALTA is a well known American trade association that brings the Alta survey by following the standards adopted by the American Land Title Association. The survey report is essential for different land purchasers and lenders to refinance or transfer commercial properties. The surveyor needs to follow the standards adopted by Alta and ACSM to conduct this survey. – PowerPoint PPT presentation

Number of Views:75

less

Transcript and Presenter's Notes

Title: Bring uniformity in survey information through Alta survey


1
Bring uniformity in survey information through
Alta survey
2
  • People use American Land Title Association survey
    or the ALTA for maintaining the interests of
    various title extracts. An updated version of
    this survey is a requirement for people who plan
    to transfer or refinance a property which is used
    for commercial purposes. The benefit of Alta
    survey is that it provides all the important
    details and information related to different
    surveys. For various occasions, lenders need
    title search especially before financing to get
    the title of commercial properties. Most of them
    require boundary surveys to bestow finance. By
    getting this survey report, one can get an idea
    about the boundary line between different land
    areas.

3
Bring consistency in information
  • Conducted by the American Land Title Association,
    Alta survey requires following certain standards
    adopted by this association. The survey is
    helpful to bring consistency in information or
    details related to surveys. The Association that
    conduct this survey is formed by a number of
    active members belongs to the title industry.
    Aside, the associate members of this association
    cover different types of businesses and
    occupations linked to Sales, financing, real
    estate law, construction and development and
    design. Through the land surveying methods
    adopted by ACSM and ALTA, the surveyors support
    uniformity and consistency to survey information.

4
Importance of Alta survey
  • As in the case of municipal zoning, Alta survey
    is also important for the development and growth
    of a particular area. A surveys needs to stick to
    certain comprehensive standards for preparing the
    survey of that particular region. It is important
    for him to understand the various needs of the
    lender as well as the purchaser and capable to
    co-relate the requirements of both the parties
    and any one of them. Apart from that, it is also
    important to co-relate the needs of the title
    insurers also to make the report of the said
    survey. If you are planning to transfer or
    refinance a commercial property, then you can
    approach companies that do surveys following the
    standards of ALTA.

5
 For reduced risk
  • Individuals and companies that involved in
    different transactions related to commercial
    properties can reduce the risk by getting survey
    conducted by ALTA. The prime reason of that is
    this survey is helpful to include different data
    points related to the property as a boundary
    survey and helpful to solve different property
    issues as in the case of municipal zoning
    information. Land lenders and purchases try to
    obtain a detailed boundary survey of a commercial
    property with the essential information. It is
    possible for you to collect the survey report
    with complete information if you approach any
    company that deals with Alta survey.
  •  

6
Zoning certification
  • If you approach a capable property consultant to
    solve any property issues or potential issues
    that may happen in future with detailed
    information of Alta survey report and zoning.
    Both of these document required by any property
    consultant to deal with property issues. These
    documents are sufficient for an efficient
    property consultant to understand the problems
    related to the property and can take enough
    measures to solve the problem effectively. As a
    purchaser of the property, it is wise to obtain a
    zoning certification from the concerned authority
    as a matter of right for the construction or
    initial use of the property.
Write a Comment
User Comments (0)
About PowerShow.com