Chicago Title NCS Chicago: SYFCREC 2021

Surviving Your First Commercial Real Estate Closing I Surveys Survey Review Surviving Your First Commercial Real Estate Closing I Surveys Survey Review o Verify the legal description on the survey matches the legal description on the commitment and the legal description depicted on the survey drawing. o Review to verify access to a public ROW o Look for evidence of unrecorded easements and unusual boundary matters o Joint driveway o Common parking lot o Party walls o Retaining walls located along the edge of the property o Meandering fences / fences that do not correspond with boundary lines o Review for encroachments o From the Land onto adjacent property o From adjacent property onto the Land o From the Land onto easements o From the property into building and/or zoning setbacks o Certification – should include all interested parties (Buyer, Lender, and Title Company, etc.) 10 9 10 116