ALTA/NSPS Land Title Surveys Overview
An ALTA survey, also known as an ALTA/NSPS Land Title Survey, is a detailed land survey conducted according to specific standards set by the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS). These surveys are often required in commercial real estate transactions, particularly when title insurance is involved, to provide a comprehensive understanding of a property’s boundaries, improvements, and potential encumbrances.
ALTA/NSPS surveys go beyond basic boundary surveys by incorporating title research, location of improvements, and identification of easements, encroachments, and other relevant features. They adhere to the “Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys,” ensuring a consistent level of detail and accuracy. Lenders and title companies often require ALTA/NSPS surveys to assess risk and provide title insurance coverage. These surveys are most common in commercial real estate transactions due to the complexity and financial implications.