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WARNING TO OWNER: YOUR FAILURE TO RECORD A NOTICE OF COMMENCEMENT MAY RESULT IN YOUR PAYING TWICE FOR IMPROVEMENTS TO YOUR PROPERTY. A NOTICE OF COMMENCEMENT MUST BE RECORDED AND POSTED ON THE JOB SITE BEFORE THE FIRST INSPECTION.
As per Section 713.13 of the Florida Statutes, to correctly terminate the Notice of Commencement, the owner needs to sign and swear to a Notice of Termination, which includes the below details: All the details mentioned are in the Notice of Commencement, or they can even attach a copy of the NOC.
Notice of Commencement Requirements Legal description of the property and complete address; A description of what improvements will be made to the property; Owner's name and address. ... The contractor's information; The surety's information (including bond amount); The lender's information;
To properly terminate a notice of commencement, the owner must swear to and include the following information in its recorded Notice of Termination: the same information as in the notice of commencement; the book and page reference numbers and date of the notice of commencement;
This form essentially cancels the Notice of Commencement's effectiveness on the property. Before the Notice of Termination is filed, a copy of the notice should be sent to all the parties who have served a Notice to Owner. In Florida, this form is also referred to as Notice of Termination of Notice of Commencement.