ALTA / NSPS Land Title Survey
Generally referred to as ALTA surveys, they are boundary surveys that meet the standards set forth by the American Land Title Association (ALTA) & the National Society of Professional Surveyors (NSPS) (Formerly ACSM - American Congress on Surveying and Mapping).
When purchasing commercial real estate, it is important to protect your investment, for that reason most purchasers and lenders request/require Title Insurance. However before issuing title insurance, title insurance companies require, among other items, a detailed survey showing the property in question. Based on the needs of title insurance companies, ALTA and NSPS have put together a list of minimum requirements for this survey, Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys (Effective February 23, 2016).