title insurance survey on a MHP
I am negotiating to purchase a MHP in Northeastern Oklahoma. A provision in the contract states that buyer will pay for title insurance and a title insurance survey. I've never encountered a title insurance survey provision before, although i've only ever bought/sold residential homes. I've heard that sometimes ALTA surveys can be close to 20k.
Is an expensive survey like this necessary for a commercial purchase like this? Is there a specific type of survey I should be looking for. I won't be looking to mine or extract natural resources, nor will I be trying to redevelop the land.
Is it reasonable for the buyer to be responsible for the entire cost or should this be a seller cost or a split cost?