Zoning endorsements are some of the most commonly used ALTA endorsements in the realm of commercial title insurance. In this article, we are going to offer a brief overview of zoning endorsements for undeveloped land, developed land, and land under development.
ALTA Zoning Endorsements
All versions of this endorsement insure the insured owner or lender of the applicable zoning classification and that a particular use is authorized.
The ALTA 3.1 Endorsement provides additional coverage, insuring against a final court order prohibiting the present structure, and requiring removal or alteration of the present structure, because of violation of the zoning ordinance as to area, width or depth of the land as a building site, floor space area of the structure, setback of the structure, height of the structure or number of parking spaces.
The ALTA 3.2 Endorsement provides the coverage of an ALTA 3.1 Endorsement with respect to specified future improvements, which are detailed on a set of plans and specifications identified in the endorsement, provided that the improvements are constructed consistent with the plans and specifications.
Commercial Partners Title Company
If you’d like more in-depth information about these zoning endorsements (as well as other ALTA endorsements), request a free copy of our endorsement book. Get help with your next commercial transaction today by contacting Commercial Partners Title. Our team consists of escrow agents, title closers, and underwriters who are well-equipped to help you through all the details of your commercial transaction. We have decades of experience work with clients on all types of real estate transactions and can help ensure that you are prepared for the closing table. Contact us today at our downtown Minneapolis offices to learn more about our services and how we can help you through your transaction.