Survey Definition Real Estate
A boundary survey on the other hand is a type of house survey that determines the property lines of a home.
Survey definition real estate. A location survey shows the location of the improvements on the property in relation to the apparent boundary lines of the property. Definition of survey a survey refers to the process of locating and measuring a property s boundary lines to determine the exact amount of land that a homeowner owns. Encroachment is a situation in real estate where a property owner violates the property rights of his neighbor by building on or extending a structure to the neighbor s land or property.
In the united states property surveys must be conducted by professional surveyors who are licensed in the state where the property is located. It generally involves a physical inspection of the property and is accurate to plus or minus a few feet. A survey will also locate and measure any easements or encroachments on a property which will be noted on a home s chain of title.
The type of survey needed depends in large part on the type of commercial transaction and the type is often a specific requirement for lender financing and title work. The process by which boundaries are measured and land areas are determined. It defines the property corners as described in the home s deed and includes any easements on the property.
Real estate term quantity survey method definition and explanation. A few common surveys in real estate transactions include. A land surveying professional is called a land surveyor these points are usually on the surface of the earth and they are often used to establish maps and boundaries for ownership locations such as.
This would also include gas lines roads walls streams or anything relative to the property. The on site measurement of lot lines dimensions and positions of buildings on a lot including the determination of any existing encroachments or easements. As built surveys boundary or land surveys and alta surveys.
A real estate survey commonly called a property survey is a document that details the boundaries and physical features of a property.
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