Updated Survey Clause Samples
The "Updated Survey" clause establishes the requirement or process for providing a revised or more current survey of a property during a transaction. Typically, this clause outlines when and how an updated survey must be delivered, who is responsible for obtaining it, and what standards or certifications the survey must meet. For example, it may require the seller to provide a new survey if the existing one is outdated or if there have been changes to the property boundaries or improvements. The core function of this clause is to ensure that all parties have accurate, up-to-date information about the property’s physical boundaries and features, thereby reducing the risk of disputes or surprises after closing.
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Updated Survey. Upon request of Purchaser before or after Closing, Seller will cause the Survey to be updated, at Seller's expense, to a current date and furnished to Purchaser, within a reasonable period of time after Closing.
Updated Survey. Seller has provided a copy of Seller’s most recent survey of the Real Property to Purchaser as part of Seller’s Deliveries. Seller has also delivered to Purchaser a new ALTA/NSPS survey for the Real Property (the “Updated Survey”). If the legal description for the Land on the Updated Survey differs from the legal description attached to this Agreement for the Land, upon Purchaser’s request, Seller shall execute and deliver to Purchaser at Closing a quitclaim deed, without representation or warranty, that uses the legal description set forth on the Updated Survey.
Updated Survey. Purchaser may elect to obtain a new survey or revise, modify, or re-certify an existing survey (“Survey”) as necessary in order for the Title Company to delete the survey exception from the Title Policy or to otherwise satisfy Purchaser’s objectives.
Updated Survey. Seller shall provide an updated existing as-built survey ("Survey") as necessary in order for the Title Company to delete the survey exception from the Title Policy. Purchaser may elect to obtain a new survey or revise, modify, or re-certify the Survey to otherwise satisfy Purchaser's objectives.
Updated Survey. Prior to the expiration of the Inspection Period, Purchaser, at Purchaser’s sole cost and expense, may obtain an updated survey of the Property (the “Updated Survey”). If Purchaser closes the purchase of the Property, Seller will reimburse Purchaser for the actual cost of the Updated Survey obtained by Purchaser, not to exceed $1,500.00.
Updated Survey. If the Borrower owns or acquires any land (leasehold, fee or easement) not shown on the then-current Survey, the Administrative Agent shall have received an updated Survey of the Site including such new leasehold, fee or easement areas.
Updated Survey. On or before the Title Commitment Delivery Date, Seller shall deliver to Purchaser a copy of the most-current survey of the Real Property in Seller’s possession (the “Survey”). Purchaser may revise, modify or recertify the Survey as necessary in order for the Title Company to delete the survey exception from the Title Policy or otherwise satisfy Purchaser’s objectives.
Updated Survey. Purchaser shall have the right to obtain an update, supplement or amendment to the Existing Survey (collectively, the “Updated Survey”), at Purchaser’s expense, provided that Purchaser’s failure to obtain the Updated Survey on or before the last day of the Due Diligence Period shall not result in the extension of the Due Diligence Period and shall not be a condition of Closing. Upon receipt of the Updated Survey, Purchaser shall provide two (2) original Updated Surveys to Seller and one (1) to Title Company, each certified by the surveyor who prepares such Updated Survey. Purchaser shall have until the expiration of the Due Diligence Period to examine the same and to notify Seller in writing of its objections to any new matters disclosed by the Updated Survey that constitute new title exceptions. If and only if Purchaser shall give written notice of such objections to Seller within three (3) Business Days after Purchaser’s receipt of the Updated Survey (but in no event later than the expiration of the Due Diligence Period), such items shall be deemed “Disapproved Exceptions,” and the rights and obligations of Purchaser and Seller with regard to such Disapproved Exceptions shall be as set forth in Section 4(c) hereof.
Updated Survey. Seller has previously delivered to Purchaser an updated survey (the “Survey”). Purchaser may request such additional modifications or revisions, at Purchaser’s cost, to otherwise satisfy Purchaser’s objectives.
Updated Survey. Purchaser has arranged, at Seller’s expense, for the preparation of a new survey or the revision, modification, or re-certification of the existing Survey as necessary in order for First American to delete the survey exception from the Title Policy.