Title Policy / Survey Clause Samples
The TITLE POLICY, SURVEY clause establishes the requirements and responsibilities regarding title insurance and property surveys in a real estate transaction. Typically, it specifies which party must obtain and pay for a title insurance policy and a land survey, outlines the acceptable forms and timing for these documents, and may set standards for resolving any issues discovered. This clause ensures that the buyer receives clear title to the property and that any boundary or encroachment issues are identified and addressed before closing, thereby reducing the risk of future disputes.
Title Policy / Survey. Most recent issued policy of title insurance, together with copies of all listed exceptions, and current draft policy of title insurance as well as most recent survey
Title Policy / Survey. Seller has obtained an ALTA/ACSM survey (the “Survey”) of the Owned Real Property dated August 27, 2008 by ▇▇▇▇▇▇▇ Surveying, Inc., a copy of which has been made available to Buyer prior to the date hereof. Prior to Closing, Seller shall deliver to Buyer and the Title Company a certificate signed by an authorized officer of Seller representing that no material changes have occurred with respect to the property subject to the Survey that would render the Survey inaccurate in any material respect or show any encroachment on the Owned Real Property by any third party or any encroachment by Seller or any Selling Affiliate on any real property adjacent to the Owned Real Property; provided, that no such certificate shall be required if the Survey is “dated down” in accordance with the next sentence or Buyer obtains a new survey of the Owned Real Property prior to the Closing Date. Seller shall cooperate with Buyer and use commercially reasonable efforts to cause the Survey to be “dated down” to the Closing Date or to such other date that is no more than forty-five (45) days prior to the Closing Date.
Title Policy / Survey. Seller shall cause the Title Company to issue the Title Policy at each Closing, based on the most recent Title Commitment. If the Seller is unable to deliver good and indefeasible title to any Lot to Purchaser, subject only to the Permitted Exceptions and Seller is therefore unable to cause the Title Company to issue the Title Policy set forth herein, Purchaser, as Purchaser's sole and exclusive remedy, shall have no obligation to purchase such Lot. If a survey of the Lot is required by Title Company as a condition to issuance of the Title Policy, Purchaser shall obtain such survey at Purchaser's expense. The Title Policy will be issued by the Title Company, will be in the amount of the total Lot Purchase Price with respect to the Lots covered and will insure Purchaser's fee simple title to the Lots then being purchased subject to no exceptions other than the liens and exceptions created by Purchaser and the Permitted Exceptions. With regard to the standard printed exceptions contained in the Title Policy, Purchaser at Purchaser's sole cost and expense, can have such standard exceptions deleted or modified to full extent permitted by the rules and regulations of the Texas State Board of Insurance.
Title Policy / Survey. On or before the Escrow Closing Date, a title insurance policy for the Facility (or marked title policy commitment) issued by the Escrow Agent in an amount not less than the Purchase Price with the costs of such insurance to be paid by Seller, and a survey of the Land on which the Facility is located with the costs of such survey to be paid by Seller; (c)
Title Policy / Survey