ALTA/ACSM Title Survey
A surveying standard jointly proposed by the American Land Title Association and the American Congress on Surveying and Mapping that incorporates elements of the boundary survey, mortgage survey, and topographic survey. ALTA/ACSM surveys, frequently shortened to ALTA surveys, are often required for real estate transactions.
ALTA/ACSM Land Title Surveys: Today’s commercial real estate transactions are often complex and involve multiple sites that require land title surveys in several states. The American Land Title Association, in conjunction with the American Congress on Surveying & Mapping and the National Society of Professional Surveyors, has established basic standardized requirements for land title surveys, also known as ALTA/ACSM land surveys or ALTA surveys. These land title survey standards provide consistency across the country and a clearer understanding of the property.
ALTA/ACSM Land Surveys are required by most lenders, title insurers, attorneys and buyers of commercial real estate. ALTA surveys show the surveyor’s findings about the property boundaries, easements, encroachments, improvements and utilities within the property. ALTA surveys also provide information regarding zoning and flood zone designation of the property.
The higher level of detail in an ALTA/ACSM Land Survey is ideal for companies or corporations involved in expansion, acquisitions and refinancing.