Investopedia

Notice Of Non-Responsibility

Filed Under » ,
Dictionary Says

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.

Investopedia Says

Investopedia explains '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.

Articles Of Interest

  1. Build Your Small Business During Downswings

    Here we offer some cost-saving measures to strengthen your business even when the market is weak.
  2. 10 Tax Benefits For The Self-Employed

    Running your own business has both personal and financial perks.
  3. 7 Ways To Avoid Self-Employed Tax Penalties

    If you follow these methods for calculating estimated tax payments, you could minimize your chances of incurring penalties.
  4. Surviving On An Irregular Income

    Being self-employed provides freedom, but only if you learn to make your money last.
  5. What are some commonly missed deductions for business owners?

    If you own a business, you are eligible to deduct certain business-related expenses. These include deductions for the following: Home office: If you use a part of your home regularly and ...
  6. The Complete Guide To Becoming A Landlord

    Being a landlord can be a fulfilling and financially rewarding experience. However, the decision to become a landlord should not be taken lightly.
  7. Reasons Renting Is Better Than Buying

    Owning a home is much more expensive than renting. Here are the places where the costs differ greatly.
  8. Retirement Living: Renting Vs. Home Ownership

    Here are three simple questions you should consider when weighing this decision.
  9. Why You May Want To Think Twice About Renting Out Your Home

    Short-term renting is not for everyone. Significant risks to opening up your home to strangers may outweigh the inflow of cash.
  10. 6 Ways To Get Your Full Security Deposit Back

    When renting an apartment, a security or damage deposit is almost always required. Here are some tips to help you avoid unforeseen circumstances and get your money back in its entirety when you ...
comments powered by Disqus
Marketplace
Hot Definitions
  1. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.
  2. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.
  3. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.
  4. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
  5. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.
  6. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.
Trading Center
Array ( )
taggroups(for debug only):
Array ( [0] => Real Estate and Mortgages [1] => Personal Finance [2] => SEG (Real Estate Shoppers) ) time:7ms