ALTA/NSPS LAND TITLE SURVEY STANDARDS: WHAT REAL ESTATE COUNSEL NEED TO KNOW
April 17, 2019 | (1:00pm-2:30pm)
USA (United States of America)
Land surveys are primary due diligence tools in real estate transactions or development deals. They depict location, boundary and topography, with a description of improvements, encumbrances and other observations. The Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys, revised in 2016, are now called the ALTA/NSPS Standards. Practitioners must understand the revised Standards (including Table A) to ensure surveys are correctly prepared. Surveys can reveal significant title matters which may appear as exceptions to title coverage. Counsel must be able to address survey issues with the title company (and purchasers and lenders) and know which survey or other endorsements can resolve survey matters.