What is the notification of completion?

Completion notification is a formal legal declaration of the supplier or representative files that warn the stakeholders that the project's design work is completed. This will trigger the term submission for all lien, which subcontractors and other individuals may want to submit with regard to the project. If they do not perform their rights in the period permitted by law, they will lose the opportunity to do so. Notification of completion is not required in all cases, but may be appropriate, even if the law orders their use because it can provide protection to the supplier and the project owner. The source of this form is usually an official who oversees the statement of building permits, although this may vary according to jurisdiction. It is also possible to access the online form in many regions through the website maintained by the building authority. General forms can be permission, but that's not always, and it's a good idea to check first.

Complex notification includes project information, such as the nature of the design and location, so there is no confusion that the project is discussed. The supplier states its name and contact information and provides information about the owner if the owner is another person. The official publishes the notice of completion after receiving and verifying the information. In some regions, the newspapers promote this information in favor of the public. In other regions, the stakeholders may have to contact the official to see if the notification of completion has been filed.

On the effective date of completion, the term will start to tick. Anyone who wants to place a lien on the project must do so in a specified period of time, for example 30 days. For example, the subcontractor of the WNA, for example, would file a lien against the project. Until it is paid, the lien will remain in force. Will impossible to convert a title, which may be a significant problem if the owner plans to prodat finished project.

Without a warning of completion, the parties involved have a much longer date for lien. It can be three months or more and can add a note of uncertainty to the project. For owners who intend to sell, it is important to ask the supplier to file a completion, so any clouds on the title will appear immediately, rather than in the middle of sensitive financial negotiations.