The purpose of this Affidavit is to induce The Title Company to give affirmative coverage over matters of survey and hold harmless for any and all claims arising over matters that a current survey might reveal.
Absolutely! Having a legal pro look it over ensures you understand the terms and protects your interests moving forward.
If the person who signed the affidavit fails to stand by it, you may need to seek legal remedies, which could include taking them to court.
Yes, it can be applied to commercial properties, but the specifics might vary based on property type and situation, so it's wise to check with a legal expert.
It acts like a safety net, ensuring that if something goes wrong due to previous survey actions, you won’t have to bear the brunt of the blame or costs.
Often, landlords, property managers, or developers sign it, especially when they rely on services from surveyors or contractors.
This affidavit helps shield property owners from potential lawsuits or financial losses tied to issues that might stem from past survey work on their property.
It's a legal document where one party agrees to protect another from any losses or legal claims that may arise, especially related to a prior survey on commercial property.