Search Acumen’s platform, with its ForeSite mapping tool, has significantly optimised the process of conducting lease and title searches for developments and proposed projects. Traditional methods, which involved ordering all titles and leases or reviewing them individually, were inefficient and time-consuming. This case study outlines how the platform’s tools and functionalities have addressed these challenges from one of our client’s perspectives.
Challenges in Lease and Title Searches
Prior to adopting Search Acumen’s platform, the process of identifying relevant leases and titles was labour-intensive. Our real estate team were required to order and review all associated documents within a development or manually assess each title one by one. These methods often resulted in extended timelines and considerable effort without guaranteeing accurate or comprehensive results.
Innovative & Efficient Solution Provided by Search Acumen
Search Acumen’s platform, home to ForeSite, the market leading mapping and visualisation data layer tool, enable users to visualise sites on a map. This functionality facilitates the quick identification of intersecting titles and targeted investigations. By visualising the site, users can immediately identify potential opportunities or areas requiring further investigation. Additionally, it empowers law firms to visually present the site and its associated risks or opportunities to clients, enhancing decision-making and communication.
For example, when searching for a particular lease, the platform allows users to pinpoint intersecting titles quickly and review pertinent information. Identifying and confirming specific details, such as the correct lease—for instance, a specific commercial site—can be achieved seamlessly. Subsequently, the relevant title reference can be copied, and the document obtained through the Register Plan or Document section within the platform. The need for alternative methods is eliminated, streamlining the entire process.
Benefits and Practical Applications
The streamlined process provided by Search Acumen’s platform delivers substantial time savings and improved accuracy. Whether managing large-scale developments or smaller transactions, users can efficiently locate critical information and gain deeper insights. Additionally, the platform’s capabilities extend to identifying unregistered land or overlooked assets that may impact development projects. For example, uncovering a strip of unregistered land at the rear of a commercial site can add unforeseen value to a development.
Conclusion
Search Acumen’s platform has transformed the approach to lease and title search identification and analysis. By replacing traditional, manual processes with an efficient, technology-driven solution, the platform enhances productivity and ensures clients receive comprehensive and actionable insights. These improvements highlight the platform’s value in supporting property professionals with both complex and straightforward transactions.
