As with other ASTM Standards, there is a timeframe in which the standards must be reviewed by a committee and updated as necessary. The recent changes to the PCA Standard, promulgated on November 5, 2015, were minor, affecting items such as rewording, new definitions and the re-organization of several subsections. 

The new Minimum Standard Detail Requirements for ALTA/NSPS Surveys have been adopted and took effect on February 23, 2016. One of the most significant changes is found within the revised definition of Optional Table A Item 11.

On February 23, 2016, the ninth edition of the Minimum Standard Detail Requirements for ALTA/NSPS Surveys will take effect. Some ask the significance of the February date as the last several versions of these requirements became effective on the same day. Read more to find out why February 23rd is a fitting date for surveyors.

ASTM recently released a “Standard Guide for Readily Observable Moisture Affected Materials and Conditions Conducive to Elevated Moisture in Commercial Buildings: Visual Moisture Assessment Process ” (ASTM E3026).

When considering the inclusion of Optional Table A Item 6, there are two options, 6(a) OR 6(b). In order for the zoning information to be reported on the face of the survey, 6(a) or 6(b) must be requested.

It is often said that the smallest details usually create the biggest issues. This holds true in the field of commercial real estate due diligence reporting.