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A completion notice is a document that specifies the 'completion date' for newly built properties. It is the date the property becomes a dwelling for council tax purposes, and is the date it is entered into the valuation list.
In Tennessee, a notice of completion is a tool afforded to a project owner to help reduce the risk of lien claims on a property. Upon the completion of a project, the owner (or an agent of the owner authorized to do so) may file a notice of completion with the register of deeds.
REQUIREMENTS: Please note all lien discharges should be sent to the State of Tennessee Vehicle Services Division. Submit to the VS Division a lien release on letterhead containing the correct and complete VIN with a signature and date of discharge. The lienholder must match VS Division records.
Commencement notice (Private): No. Completion notice (Private): Optional. Preliminary lien notice (Private): Prime contractor - Prior to commencing work; Subcontractor - Not required.
Under Tennessee Code § 66-11-106, ?A prime contractor's lien shall continue for one (1) year after the date the improvement is complete or is abandoned, and until the final decision of any suit properly brought within that time for its enforcement.? But just because you have a full year to file a mechanic's lien doesn' ...
66-11-143 - Protection from unrecorded lien claims Notice of completion Expiration of lien rights Form of notice of completion.
Tennessee lien law provides that when a mechanics lien is forfeited, expired, or satisfied, the lien claimant must file a lien release of Lien with the Register of Deeds in the county in which the property is located.
In Tennessee, project owners (or their appointed agents) must simultaneously record and serve a notice of completion for it to be effective. If done properly, it shortens the would-be deadline of 90 days by quite a bit.