The completion of construction of an improvement shall occur when: (a) The improvement is substantially complete; or (b) a completion notice is posted and recorded as provided by subsections (2) and (3) of this section; or (c) the improvement is abandoned as provided by subsection (5) of this section. When all original contractors employed on the construction of an improvement have substantially performed their contracts, any original contractor, the owner or mortgagee, or an agent of any of them may post and record a completion notice.
Oregon Notice of Completion by Individual
Category:
State:
Oregon
Control #:
OR-07-09
Format:
Word;
Rich Text
Instant download
Description Notice Completion Document
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Notice Completion Form Form popularity
Notice Completion Purchase Other Form Names
Notice Completion
Or Notice Completion
Notice Completion Application
Notice Completion Draft
Notice Completion Or
Notice Completion Sample
Oregon Completion Order
Notice Completion Paper FAQ
A notice of completion is a document recorded against the property by its owner, that announces that the construction project has been completed. Normally, contractors have 90 days after completion of a project to record Mechanics liens or serve Stop Payment Notices.
There should be a fixed closing date in the contract and if you do not close by that time frame, your purchasers can issue what is called a Completion Notice to have you close within 28 days. If you do not close within that time frame, they can walk away from the sale and, again, their deposit is refunded in full.
Be signed and verified by the project owner; Include the name and address of the property owner, direct contractor, and, if applicable, construction lender; Include a description of the site sufficient for identification including street address, if any; Identify the date of completion; and.
To review, a Notice of Completion in California is a document that the owner may file at the end of the project. Its main function is to set the date of completion of the construction project in stone.
