Understanding,Notice,Intent,Li business, insurance Understanding Notice of Intent to Lien in Texas
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Notice of intent to lien is also known as Pre lien Notice, NOI or a Notice of Intent or a Notice of Intent to File a Mechanic Lien or notice of non-payment. This notice of intent to lien is a preliminary notice sent to the property owner and the prime contractor to warn them about the overdue payments or else a mechanics lien will be filed against the property. Understanding Prelien Notices in TexasIn Texas, filing a mechanics lien is not an easy process. There are different requirements to be met and the rules and regulations might differ depending on the role you played in the project. Preliminary notices have many different names and meanings depending on the state: monthly notice, a notice of non-payment, fund-trapping notice, a notice of intent to lien, etc.In Texas, a notice of intent to lien or pre-lien notice is a letter that notifies the owner a mechanic’s lien is about to be filed. It is also sent to preserve the contractor’s lien rights. We shall speak more about the Notice of Intent to Lien in Texas. What is a Notice of Intent to Lien in Texas?In technical terms, a notice of intent to lien is the document sent to the property owner and the general contractor that notifies them a mechanic’s lien is about to be filed. In Texas, this document does not need to be notarized and filed with the county’s clerk office. To file a mechanic’s lien in Texas as a subcontractor or sub-subcontractor is required to send monthly preliminary notices also called Notice of Intent to Lien or Pre lien Notices. These notices help to notify the property owner and the general contractor that they should submit payment for the work done in the given month.
Understanding,Notice,Intent,Li