NOTICE TO PROCEED (NTP)

A notification letter from the owner addressed to the contractor stating the date on which the contractor can begin project work. The NTP date marks the beginning of the performance time of the contract.

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NOTICE OF PENDENCY

used in real estate that indicates that a piece of property has a lien against it and a person needs to take care before taking title to it.

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NOTICE TO PRODUCE

the notice that is written and requires a party to produce for the court certain papers and documents.

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NOTICE OF SALE

This notice is a legal requirement that has to be issued by the lender before the intended sale of the mortgaged property due to foreclosure.

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NOTICE TO QUIT PREMISES

the written notice from a landlord to the tenant asking that he leave the premises.

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NOTICE OF SEIZURE

A written notice from the Internal Revenue Service (IRS) informing the recipient that the IRS is given the authority to liquidate their assets to cover the income taxes that are overdue. During the event of the actual seizure, the IRS takes physical custody of the taxpayer’s assets.

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NOTICE TO VACATE

A notice that is written by either the landlord or tenant giving a notice to leave the premises within a specified time frame, or to demand the same. The notice is typically given during the end of the lease period or due to an infringement of the lease agreement. In such cases, the tenant has 30 days to vacate the premises. On the other hand, if the tenant wishes to vacate, this notice empowers the landlord to advertise the rental place.

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NOTICE OF STRIKE

When negotiations break down between the labor union and the employer, this notice is issued by the labor union to the relevant government authorities stating its intent to suspend all activities and participate in a strike.

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NOTICE OF TITLE

Knowledge made available to the buyer that the title is subject to claims by parties other than the seller.

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