Collin Texas Contractor's Final Affidavit of Payment to Subcontractors

State:
Multi-State
County:
Collin
Control #:
US-00468-A
Format:
Word; 
Rich Text
Instant download

Description

This Contractor's Final Affidavit of Payment to Subcontractors is Contractor's Affidavit of payment to subcontractors upon completion of project. This Affidavit must be signed in front of a notary public. This Affidavit is for use in any state.
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FAQ

Florida does not require that you have a written contract to file a mechanics lien, so contracts can be oral, written, express or implied. However, the following parties do not have any rights to file a Florida mechanics lien: Sub-sub-subcontractors (those hired by sub-subs) Suppliers to suppliers.

Contractors, laborers, materials suppliers, subcontractors and professionals such as architects, landscape architects, interior designers, engineers or land surveyors all have the right to file a claim of lien for work or materials.

IF YOU FAIL TO PAY YOUR CONTRACTOR, YOUR CONTRACTOR MAY ALSO HAVE A LIEN ON YOUR PROPERTY. THIS MEANS IF A LIEN IS FILED YOUR PROPERTY COULD BE SOLD AGAINST YOUR WILL TO PAY FOR LABOR, MATERIALS, OR OTHER SERVICES THAT YOUR CONTRACTOR OR A SUBCONTRACTOR MAY HAVE FAILED TO PAY.

For the most part, all contractors, subcontractors, laborers, materials suppliers, and equipment suppliers who provide labor or materials to a property in Texas are not required to have a written contract (a verbal agreement is sufficient) to qualify for the right to file a lien.

If there are any changes that need to be made, you must make sure that they are accurately represented and addressed before the contract ends. It is illegal and unethical to try to add charges after the fact, even if they are legitimate charges.

The Final Payment Affidavit is a sworn statement that serves as a comprehensive outline, issued after completion of a project, to notify the property owner of how much money is still owed for materials and services provided.

A contractor's affidavit provides reassurance to the project owner that all contractors and vendors on the project have been paid for the work they provided.

Your Florida NTO is not considered valid unless it is received by the 45th day, which means you must leave time for the NTO to reach not only the owner, but all required recipients.

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Collin Texas Contractor's Final Affidavit of Payment to Subcontractors