Escrow & Title
An ALTA survey in an Alaska commercial transaction differs from a simple boundary survey in that it also shows:
AOnly the legal description
BImprovements, easements, encroachments, and other matters that may affect title, meeting ALTA/NSPS standards✓ Correct
COnly underground utilities
DMineral rights boundaries
Explanation
An ALTA survey meets the standards of the American Land Title Association and National Society of Professional Surveyors. It shows improvements, easements, encroachments, rights-of-way, and other title-relevant matters beyond simple boundary lines.
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Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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