Land Title Survey Can Protect Your Investment

Buyers and Lenders of commercial real estate transactions should know the existing conditions and future use of the property or land which they are acquiring.

Buyers and Lenders are using an ALTA survey as part of their feasibility study for commercial projects. Discovering boundary line conflicts or any other restriction AFTER the real estate transaction can be very expensive. Buyers and Lenders want to protect their investment prior to planning, development and investing funds.

Smith-Roberts National Corporation is a nationwide coordinator of ALTA surveys and has been providing clients with timely and cost effective surveys since 1981. An ALTA Land Title survey not only identifies conditions of public record that are disclosed in a title report, but may discover unrecorded rights by a third party that can reduce the use/value of a commercial property. These include:

• Easements that may encumber or benefit the property
• Possible encroachments across boundary lines or easements
• Access to a public street or lack thereof
• Zoning of the property along with setback requirements
• Flood Zones that may affects the subject property
• Evidence of any use by other parties
• Location of any water boundaries on the subject property
• Evidence of cemeteries
• Names of adjoining property owners

An example might be a national lender securing the loan on a commercial property (business, factory, apartments, restaurant, multi-site, etc.) would want to use the ALTA survey in order to receive a thorough survey of the property.