Commercial ILC
A Commercial Improvement Location Certificate (ILC) is a detailed and professionally prepared document created by a licensed surveyor for commercial properties. Tailored to the unique needs of commercial real estate transactions, the ILC provides a comprehensive depiction of property boundaries, structures, and relevant details. It serves as a valuable tool for title insurance purposes, offering visual clarity on property improvements and potential encumbrances. It is important to recognize that, similar to its residential counterpart, a commercial ILC is not a certified boundary survey, but rather an instrumental component in facilitating secure and informed transactions within the commercial real estate sector.