An ALTA/ACSM survey is a boundary survey prepared to a set of minimum standards that have been jointly prepared and adopted by American Land Title Association (ALTA) and the American Congress on Surveying and Mapping (ACSM). Additionally, this survey shows improvements, easements, rights-of-way, and other elements impacting the ownership of land. This type of survey is often prepared for commercial properties, as it will provide the title company with the information required to insure the title to the land and improvements to the high degree that a commercial development may require.
A current title commitment is required before an ALTA/ACSM survey can be completed. NSI will refer to the title commitment for the legal description of the property and for the legal description of any encumbrances (exceptions). NSI will work closely with the title insurance company, as the surveyor and the title company are relying on each others work to show the matters affecting the ownership of the land and improvements in a comprehensive manner.
An ALTA/ACSM land survey has especially stringent requirements and the ALTA/ACSM standards are a nationwide uniform set of standards, which are sometimes referred to as “the cadillac of surveys.” The survey is specifically designed to satisfy the needs of lenders, corporations and title companies when dealing with valuable commercial properties.