A corporate owner may terminate the period of effectiveness of a notice of commencement by executing, swearing to, and recording a notice of termination.
A corporate owner may terminate the period of effectiveness of a notice of commencement by executing, swearing to, and recording a notice of termination.
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A previously recorded notice of commencement, which has not expired or been terminated, may be amended to extend the effective period, change erroneous information in the original notice, or add information that was omitted from the original notice.
The Notice of Commencement is a part of the Florida Lien Statute. This document is filed in county records and signifies the beginning of a project. While not required in some states, not filing the Notice of Commencement in Florida can unfavorably affect your lien rights in the state.
Notices of Commencement expire and automatically terminate 1 year after the date of recording (unless an earlier date is set forth in the NOC). If the NOC has expired, let the title company know and it will be deleted from the commitment as it is no longer an issue.
(1) An owner may terminate the period of effectiveness of a notice of commencement by executing, swearing to, and recording a notice of termination that contains all of the following: (a) The same information that is in the notice of commencement.
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;