Transaction Terms

ALTA Survey

The gold-standard land survey for commercial properties — maps boundaries, easements, improvements, and flood zones.

Full Definition

An ALTA/NSPS Land Title Survey meets American Land Title Association and National Society of Professional Surveyors standards. It maps boundaries, improvements, easements, encroachments, setbacks, access, and flood zones. Required by most commercial lenders. Cost: $3,500-$15,000+. Timeline: 2-6 weeks.

Related Terms

Title Commitment

The title company's preliminary report showing what it will insure — exceptions, liens, easements, and encumbrances.

Due Diligence

The investigation period after contract signing, typically 30-90 days, when buyer inspects everything about the property.

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