Refinance your commercial property using ALTA survey

1
Refinance your commercial property using ALTA
survey
2

• ALTA or the American Land Title Association
  survey is very important in order to maintain the
  interests of title extracts. People who plan to
  refinance a commercial property or transfer it
  need the updated version of the ALTA survey. With
  a survey report like this, it is easy to bring
  information for anything related to surveys.
  Lenders require a title search for different
  occasions before financing for obtaining the
  title of commercial properties. In order to offer
  finance, they need boundary surveys. The main
  purpose of getting such information is that it
  can provide the boundary like between land areas.

3
Uniformity in information

• The main purpose of Alta Survey is that it helps
  to bring uniformity in details or information
  related to surveys. The survey is conducted by
  the American Land Title Association and requires
  some standards to do this adopted by the
  association. This association is formed by
  several active members of the title industry.
  Apart from that, there are associate members who
  are assigned to cover various types of businesses
  and occupations related to construction,
  financing, sales, development and design and real
  estate law. Surveyors promote uniformity for
  survey information through the standards of land
  surveying adopted by ALTA and ACSM.

4
Significance of Alta survey

• Just zoning, Alta survey also plays a significant
  role for the growth and development of a
  particular area. In order to prepare this survey
  for a particular area, the surveyor needs to
  follow certain detailed standards. He should
  consider understanding the requirements of the
  lender and purchaser and try to co-relate them
  based on the requirements of any of them or both
  the parties. They also consider and co-relate the
  requirements of title insurers for the
  preparation of the survey report. If you are
  interested to get survey information, then you
  can many companies that follow the standards of
  ALTA.

5
 Minimize the risk

• ALTA survey is helps to reduce the risk of
  companies and individuals involved in the
  transactions of various commercial properties as
  this boundary survey ensures to include various
  data points related to that. Just like municipal
  zoning information, this boundary survey is
  helpful to solve many property issues. It helps
  the land purchasers and lenders to get a detailed
  survey for the property with all the required
  information. With the help of a company that
  deals with this survey, you can collect all the
  detailed survey report as per the standards of
  ALTA.

6
 Zoning certification

• With compiled information of zoning and ALTA
  survey report, an efficient property consultant
  can handle any issues related to a property or
  any potential problems that may occur in future.
  Both the documents are vital for the solving any
  issues related to properties. With these
  documents, a good consultant can guess and
  understand different problems related to the
  property. You can approach the concerned
  authority to issue the zoning certification for
  the initial use or establishment of construction
  as a matter of right. Sometimes your project not
  requires the Use Permit and during such occasion,
  you can use this certificate in the place of Use
  Permit.