Before purchasing or selling a Commercial Property
Due diligence to understand exactly what is being purchased including property boundaries, easements, encroachments, and any zoning or access issues.
Assessing Property Value: Knowing the precise dimensions, layout, and any legal restrictions on the property helps determine its true value.
Reducing Liability: A survey provides accurate property descriptions, reducing liability for the seller if any disputes arise after the sale.
For Financing and Insurance Purposes
Lender Requirements: Many lenders require a survey to ensure there are no issues that could affect the property's value or the lender's collateral.
Insurance: Insurance companies often need a survey to determine risk factors, such as proximity to flood zones, or to confirm the square footage and boundaries for proper coverage.
Before starting Construction or Development
Zoning Compliance: To ensure the project meets all local zoning regulations, such as setback requirements, allowable building heights, and land-use limitations.
Permitting: Most permits require a survey that details the current land characteristics to ensure safe, compliant development.
Identifying Easements and Restrictions: To avoid building on areas with existing easements or restrictions that could complicate or stop development.
Settling Disputes or Legal issues
Boundary Disputes: A survey can resolve conflicts between neighboring property owners over property boundaries, fence lines, or encroachments.
Easement or Right-of-Way Clarifications: When there is uncertainty about rights of access for utilities, neighbors, or public entities.
Property Improvements and Renovations
Planning for Expansion: When adding new structures, parking, or landscaping, a survey can confirm where improvements can legally and safely occur.
Compliance with Local Codes: Surveys are often necessary to confirm any existing or planned structures comply with all local regulations.
Establishing Utilities and Access Points
Utility Installations: To confirm access rights and plot utility lines, easements, or other necessary infrastructure additions.
Public Access or Roadways: Surveys ensure that the property has legal access to public roads and meets any requirements related to shared access.
A commercial survey provides a comprehensive overview of a property's legal and physical characteristics, which is crucial in any transaction or development project to ensure compliance, reduce risk, and clarify any legal boundaries or limitations.
Put Prism Land Surveying's vast commercial experience to work for you!
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