The right to execute and deliver a stop notice or a notice to withhold funds is a remedy closely related to a mechanic's lien. When a stop notice or a notice to withhold funds is received by an individual or a firm holding the construction funds for a project, the individual or firm must withhold from its disbursements sufficient money to satisfy the stop notice claim. In jurisdictions that provide for stop notices, the notice constitutes a remedy in addition to a mechanic's lien.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A Nassau New York Stop Payment Notice by a subcontractor to the holder of construction project funds is a legal document utilized in the construction industry to protect the rights of subcontractors and suppliers who have not been paid for their work or materials in a construction project in Nassau County, New York. The purpose of a Stop Payment Notice is to alert the project owner, general contractor, and construction lender that there is a dispute regarding payment. It serves as a formal notice that the subcontractor or supplier has not received payment for their services or materials, despite fulfilling their obligations in the project. This notice is filed by a subcontractor or a supplier who is seeking to stop payment to the general contractor on a specific project. It is an important step to ensure that the subcontractor's or supplier's rights to their unpaid work or materials are protected. This type of notice can be classified into different categories based on the specific circumstances of the non-payment: 1. Preliminary Notice: This notice is typically sent prior to performing any work or supplying materials to provide preliminary notification to the project owner, general contractor, and construction lender of the subcontractor's or supplier's involvement and potential lien rights. It establishes the intent to preserve legal rights if future disputes arise. 2. Notice of Intent to Stop Payment: This notice is sent when the subcontractor or supplier has not been paid according to the agreed-upon terms and wishes to officially alert the project owner, general contractor, and construction lender of their intention to exercise their right to stop payment on the project. 3. Stop Payment Notice: Once the subcontractor or supplier has made efforts to resolve the payment dispute with the general contractor but remains unpaid, they can file a Stop Payment Notice. This notice confirms the subcontractor's or supplier's intent to stop payment and provides detailed information about the amount owed, work performed or materials supplied, and any supporting documentation. 4. Late Payment Notice: In cases where payment has not been received within the agreed-upon timeframe, a subcontractor or supplier may issue a late payment notice. This notice serves as a reminder to the general contractor of the outstanding payment and highlights the potential consequences of continued non-payment, such as the filing of a Stop Payment Notice. It is essential for subcontractors and suppliers in Nassau County, New York, to understand the legal requirements and adhere to specific filing deadlines when issuing a Stop Payment Notice. Failing to follow the proper procedures may weaken their legal position in recovering unpaid amounts and potentially filing a mechanics lien on the project. Seeking legal counsel or referring to New York State's construction laws is advisable to ensure compliance with relevant regulations.A Nassau New York Stop Payment Notice by a subcontractor to the holder of construction project funds is a legal document utilized in the construction industry to protect the rights of subcontractors and suppliers who have not been paid for their work or materials in a construction project in Nassau County, New York. The purpose of a Stop Payment Notice is to alert the project owner, general contractor, and construction lender that there is a dispute regarding payment. It serves as a formal notice that the subcontractor or supplier has not received payment for their services or materials, despite fulfilling their obligations in the project. This notice is filed by a subcontractor or a supplier who is seeking to stop payment to the general contractor on a specific project. It is an important step to ensure that the subcontractor's or supplier's rights to their unpaid work or materials are protected. This type of notice can be classified into different categories based on the specific circumstances of the non-payment: 1. Preliminary Notice: This notice is typically sent prior to performing any work or supplying materials to provide preliminary notification to the project owner, general contractor, and construction lender of the subcontractor's or supplier's involvement and potential lien rights. It establishes the intent to preserve legal rights if future disputes arise. 2. Notice of Intent to Stop Payment: This notice is sent when the subcontractor or supplier has not been paid according to the agreed-upon terms and wishes to officially alert the project owner, general contractor, and construction lender of their intention to exercise their right to stop payment on the project. 3. Stop Payment Notice: Once the subcontractor or supplier has made efforts to resolve the payment dispute with the general contractor but remains unpaid, they can file a Stop Payment Notice. This notice confirms the subcontractor's or supplier's intent to stop payment and provides detailed information about the amount owed, work performed or materials supplied, and any supporting documentation. 4. Late Payment Notice: In cases where payment has not been received within the agreed-upon timeframe, a subcontractor or supplier may issue a late payment notice. This notice serves as a reminder to the general contractor of the outstanding payment and highlights the potential consequences of continued non-payment, such as the filing of a Stop Payment Notice. It is essential for subcontractors and suppliers in Nassau County, New York, to understand the legal requirements and adhere to specific filing deadlines when issuing a Stop Payment Notice. Failing to follow the proper procedures may weaken their legal position in recovering unpaid amounts and potentially filing a mechanics lien on the project. Seeking legal counsel or referring to New York State's construction laws is advisable to ensure compliance with relevant regulations.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
