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Updated 12 months ago on . Most recent reply

User Stats

15
Posts
6
Votes
Tatenda Mpofu
  • New York City, NY
6
Votes |
15
Posts

Common Surveys Performed During Diligence

Tatenda Mpofu
  • New York City, NY
Posted

I am working through a PSA for the purchase of a self storage property and I would like to know what surveys you would say are

a) critical

b) nice to have

c) unnecessary

when acquiring a self storage facility especially given standard exceptions in title policies.

Most Popular Reply

User Stats

15
Posts
6
Votes
Tatenda Mpofu
  • New York City, NY
6
Votes |
15
Posts
Tatenda Mpofu
  • New York City, NY
Replied

A quick search suggested that the following surveys could be completed in the diligence phase of self storage facility acquisition

  1. Boundary Survey
  2. ALTA/NSPS Land Title Survey
  3. Topographic Survey
  4. Site Planning Survey
  5. Floodplain Survey
  6. As-Built Survey

I'm curious which of these are necessary versus nice to have

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