Notice Of Non-Responsibility


DEFINITION of 'Notice Of Non-Responsibility'

A written notice provided by the owner or agent of a project. The notice of non-responsibility shields the owner from any lien stemming from the failure to order labor or supplies necessary to complete the project. This notice is used by landlords with tenants who do improvements on their property.

BREAKING DOWN 'Notice Of Non-Responsibility'

Most states requires landlords to fill out notices of non-responsibility in order for them to avoid being stuck with construction bills ordered by the tenant. If the tenant vacates or refuses to pay, then the landlords can get stuck with the bill.

  1. Encumbrance

    A claim against a property by a party that is not the owner. ...
  2. Lien

    The legal right of a creditor to sell the collateral property ...
  3. Impose

    The act of placing a fee, levy, tax or charge on an asset or ...
  4. Blanket Lien

    A lien that gives the right to seize, in the event of nonpayment, ...
  5. Levy

    The legal seizure of property to satisfy a debt. In the U.S., ...
  6. Landlord

    A real estate owner who rents or leases land or a building to ...
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