Just had a client ask me to add two new banks to the Certification on an 8-month old ALTA Survey. It was raw land then, but now has a 5-storey parking garage and 2-1/2 floors of a planned 5-storey apartment complex on it. I said no.
Any thoughts?
I'd would have said sure - here's what it's going to cost. And BTW, need a new title commitment before I start.
Even if it did not have a new building on it, the would be writing a new check. When you add another name to the certificate, you taken on new liability.
I would of told them the cost of a new survey...need new title commitment...etc...
I did all the above... What's interesting is we are under contract to perform a post construction ALTA. My fee for this "during construction" exercise is higher than my post-construction fee. The site is a disaster from a survey standpoint - the structural building corners are located at the property corners, so no monuments there. Any witness corners or reference monuments within 10 feet will be destroyed within days, if not hours - but I'm in a State that requires they be placed. 40 framing crews are dropping nails, screws, and other debris off the upper floors. I know its just a mechanism to transfer liability - that's why there is a high fee associated!
Have you EVER heard of the construction guys, constructing the building too close, or over the line?
What liability?
They ain't no liability, to add a few bits of ink......
(Tongue in cheek)
N
Hardhats!
Hardhats the size of bathtubs. My shoulders are far wider than my head.
