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.