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February 16, 2021

New 2021 ALTA/NSPS Land Title Survey Standard

By Partner ESI

TOP CHANGES YOU NEED TO KNOW ABOUT

A new standard for ALTA/NSPS Land Title Surveys is coming in February of 2021, and because just about every commercial real estate transaction requires an ALTA Survey, this is a big deal. ALTA surveys are critical in helping you understand everything that comes along with your prized investment – easements, encumbrances, encroachments and whole lot more. Your investment as depicted on the survey will be insured by the title company. As important as ALTA surveys are, I see clients trip up and order the wrong survey scope all the time, causing delays of schedule and unnecessary costs – and that’s without even having a new survey standard to digest! So, to help you order the correct survey scope and ensure your 2021 transactions go smoothly, I’ve highlighted the key changes in the new standard that you should be aware of. Let’s get prepared!

To read about these new changes, click here.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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