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All About Builders Liens

Sometimes builders are faced with issues such as not getting paid yet they have already delivered what was required from them. When such a situation arises, there may be need for them to file a builders’ lien seeking to be compensated for works done. Another term for a builders lien is a construction lien. There are steps that one is supposed to follow when one is seeking legal interest against any property a builder has worked on. When a builder is seeking legal interest on a property, it serves as proof that they have financial interest as works done have not been paid for.

When a builder is filing a builders’ lien, there is need to know that there is usually a set time limit to do so. This however varies from province to province as such liens are usually filed in United Kingdom. Therefore, a builder that is wise enough and is seeking compensation ought to know the set timelines and also the deadlines so that they can file in time. In Alberta for example, the set time limits or deadline is set at forty-five days. The forty-five days should actually be after a builder has left the construction site.

It is also wise to note that the construction lien can be filed before forty-five days in case builders have not been paid and the project has been abandoned. Soon as the 45 days are over, there are no chances that one can override the deadline in order to file for this kind of lien. There are other areas when a construction lien deadline kicks off soon as substantial works have been done on a given property.

There are also technicalities one may go through which can allow them to have a longer lien than the stated number of days. Soon as a builder files a lien, it is always enough proof to indicate that they have interest on the property. Soon as a builder’s lien is issued, the next thing that happens is that it gets attached and registered against the title of the property that a builder worked on. That way, there will arise a delay in sale or lease of the property at hand.

Lastly, there is need for builders to be aware that there is a cover for them in case they experience delays in being paid their dues. If delays occur, a builder will simply file one and then the lien can not be removed up until the agreements in place have been met and addressed as expected.

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