Fl Notice Commencement With Opt Out Declaration
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FAQ
WARNING TO OWNER: ANY PAYMENTS MADE BY THE OWNER AFTER THE EXPIRATION OF THE NOTICE OF COMMENCEMENT ARE CONSIDERED IMPROPER PAYMENTS UNDER CHAPTER 713, PART I, SECTION 713.13, FLORIDA STATUTES, AND CAN RESULT IN YOUR PAYING TWICE FOR IMPROVEMENTS TO YOUR PROPERTY.
A Notice of Commencement (NOC) is a document that indicates when a construction project will begin. It also lists anyone with a financial interest in the project, including the lender, general contractor(s), and property owner.
At the beginning of the construction project, the owner should record a Notice of Commencement, which is a document that compiles all necessary information for subcontractors and materialmen to rely upon to assert their lien rights.
You may have heard the Notice of Commencement called by alternative names such as ?affidavit of commencement? or ?notice of project commencement? ? all terms refer to the same process.
The Notice of Commencement is a legal document that makes a project's commencement known. In ance with Chapter 713, of the Florida Statutes, it should provide detailed information to everyone working on a project. Be sure to provide the following information: Legal description of the property and complete address.