Related Words

Three-Day Notice: Notice to quit, quit or cure, or quit or pay rent. Three-day notice must be given before an unlawful detainer action.

Notice Of Nonresponsibility: A legal notice designed to relieve a property owner of responsibility for the cost of improvements ordered by another person (such as a tenant). The owner usually gives notice that he or she . . . View Full Definition

Notice Of Deliquency: In junior financing, where the borrower gives the senior lender permission to notify the junior lender in the event of a default.

Notice Of Default: A notice to a defaulting party announcing that a default has occurred. The defaulting party is usually provided a grace period during which to cure the default. Notices of default are freque . . . View Full Definition

Notice Of Right To Cancel: Under federal law, you may be permitted to cancel or 'rescind' a mortgage loan within a specified time, generally three days, after you have signed loan documents in a refinance, second mort . . . View Full Definition

Notice Of Sale: A notice advertising a new issue of municipal securities and inviting underwriters to submit competitive bids.

Stop Notice: A notice given to a lender that a subcontractor has not been paid. Unless bond is posted, the lender must withhold moneys due a prime contractor.

Preliminary Notice: Notifies a customer that work to be completed is subject to the lien rights of the contractor. Preliminary notice must be given prior to recording of a mechanics lien, and should be filed by . . . View Full Definition

Notice Of Completion: A document recorded to give constructive notice that a building job has been completed.

Notice Of Cessation: A notice that gives subcontractors 30 days and gives prime contractors 60 days to file liens from the date of cessation of work.