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Difference between revisions of "Builders Liens"
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A builders lien is also known as a lien on land. It secures a claim for payment for work done on—or materials supplied to—a construction project or for repairs or renovations made to an existing structure. When a lien is registered in the Land Title Office, it becomes a charge against the title to the land or property involved. | A builders lien is also known as a lien on land. It secures a claim for payment for work done on—or materials supplied to—a construction project or for repairs or renovations made to an existing structure. When a lien is registered in the Land Title Office, it becomes a charge against the title to the land or property involved. | ||
Builders liens can be an effective tool to recover unpaid debts owed to contractors and material suppliers. But because the law is complex and filing accurately completed forms within the required deadlines is important, you should get legal advice when | Builders liens can be an effective tool to recover unpaid debts owed to contractors and material suppliers. But because the law is complex and filing accurately completed forms within the required deadlines is important, you should get legal advice when filing a builders lien. | ||
==Who can file a builders lien?== | ==Who can file a builders lien?== | ||