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What is a contractors affidavit of payment of debts and claims G706?

Document G706 is intended for use when the Contractor is required to provide a sworn statement verifying that debts and claims have been settled, except for those listed by the Contractor under EXCEPTIONS in the document. Document G706 is typically executed as a condition of final payment.

What is a contractors affidavit in Florida?

Essentially, it is a legal document that states that the project has been finished and it clearly outlines how much the property owner still owes in payment for materials or services. A Contractors Final Payment Affidavit should be comprehensive.

What happens if a contractor puts a lien on my house in Florida?

This means that if a lien is filed against your property, your property could be sold against your will to pay for labor, materials, or other services which your contractor may have failed to pay.

What is a final payment affidavit Florida?

The Final Payment Affidavit is a sworn statement that serves as a comprehensive outline, issued after completion of a project, to notify the property owner of how much money is still owed for materials and services provided.

What is the G706?

About G706-1994. What it is. Document G7061994 requires the contractor to list any indebtedness or known claims in connection with the construction contract that have not been paid or otherwise satisfied.

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What is a contractors final payment affidavit in Florida?

The Final Payment Affidavit is a sworn statement that serves as a comprehensive outline, issued after completion of a project, to notify the property owner of how much money is still owed for materials and services provided.

What is a contractors sworn statement of account Florida?

Per Florida Statutes 713.16, the sworn statement of account is a written statement that documents the nature of the labor or services performed or to be performed, materials supplied or to be supplied, current amount paid on the account, amount due and amount to become due as stated by the lienor.

What is a contractor in the Florida statute?

(3) Contractor means the person who is qualified for, and is only responsible for, the project contracted for and means, except as exempted in this part, the person who, for compensation, undertakes to, submits a bid to, or does himself or herself or by others construct, repair, alter, remodel, add to, demolish,

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What is a contractors affidavit of payment of debts and claims G706?

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