What is the main reason for conducting a property survey?

The primary reason for conducting a property survey is to identify boundaries and encroachments. A property survey is a professional assessment that establishes the exact borders of a property, providing essential information about its dimensions and layout. This identification is crucial for various reasons, including confirming ownership rights, settling disputes related to property lines, and ensuring that any structures or improvements on the property are within the legal boundaries.

By delineating boundaries, a survey can also highlight any encroachments, which occur when a neighboring property’s structures or features intrude on someone else's property. This information is vital for current owners to protect their rights and for prospective buyers to understand the constraints and potential issues associated with the property.

Other options, while relevant to real estate in some contexts, do not directly pertain to the fundamental purpose of a survey. For example, property value appreciation is influenced by various market factors and is not the focus of a survey. Similarly, meeting tax obligations and negotiating lease agreements involve different processes and considerations that are distinct from the surveying of property boundaries. Therefore, identifying boundaries and encroachments is unequivocally the central aim of conducting a property survey.