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ALTA survey - Leased

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(@antcrook)
Posts: 278
Customer
Topic starter
 

Hi,

Here is the scenario:
Three separate side by side; Lot 1, Lot 2, & Lot 3. Lots 1 & 2 are owned by the same person, Lot 3 is owned by someone else. All 3 lots have a 30 year lease owned by a gas station and the gas station is sprawled over all 3 lots. Now Lot 3 wants to sell and needs an ALTA survey. How would you deal with a sizable portion of the gas station located on Lot 3, in terms of identifying encroachments? In some cases the property line runs through the gas pumps.

Anthony

 
Posted : 14/05/2012 5:03 pm
(@deleted-user)
Posts: 8349
Registered
 

They are not encroachments, they are permitted uses. at least till the lease expires. I would show them as i found them. I would not call anything encroaching but would show offsets to PL. I would also be very careful on this site as underground tanks, utilities etc will also likely cross lines..

 
Posted : 14/05/2012 5:07 pm