SURVEY. On-site measurement of lot lines, dimensions and position of house on lot, including determination of possible encroachments or existing easements. A survey is often required by the lender to assure him that a house is actually on the land according to its legal description.
A property survey is a detailed and professional examination of a piece of real estate to determine and document its boundaries, dimensions, and features. Conducted by licensed surveyors, the survey aims to establish the precise location of the property lines, any improvements or structures on the land, and often includes topographical details.
Key elements of a property survey typically include:
- Boundary Lines: Clearly defining the legal boundaries of the property to avoid any disputes or encroachments.
- Land Size and Dimensions: Providing accurate measurements of the property’s size and shape.
- Structures and Improvements: Identifying existing structures, buildings, fences, or other improvements on the property.
- Easements: Noting any rights-of-way or easements that others may have across the property.
- Topography: Describing the natural features of the land, such as hills, valleys, and water bodies.
- Legal Description: Providing a precise legal description of the property that can be used in legal documents and transactions.
Property surveys are crucial in real estate transactions, helping to prevent boundary disputes, ensuring compliance with local zoning regulations, and providing a comprehensive understanding of the property’s characteristics. Lenders and title insurance companies often require surveys to mitigate risks and ensure that the property can be transferred with clear and marketable title.
In summary, a property survey is a comprehensive examination that goes beyond just determining boundaries; it provides a detailed snapshot of the physical and legal aspects of a property, offering valuable information for property owners, buyers, and various stakeholders in real estate transactions.
