Builders’ lien – A Perfect way to Stop Exploitation
What is Builders lien ? In the simplest terms, Builders’ lien is when you have difficulty getting paid for the materials or your physical inputs i.e. Manpower supply. When you do something for someone and you are not getting paid easily for that, then you can file Builders’ lien in accordance with construction. In the layman's term, if you are a contractor, you have supplied manpower or materials for construction. And you are not getting paid on-time for your efforts; then you are liable for builders’ lien. A builders’ lien has a limited responsibility towards owners to protect not only their contractors but also subcontractors, workers, material suppliers, etc., who are not in direct touch with the owner. Every location and territory have different time period for filing builders’ lien. When a Builders’ Lien is placed, it is registered against the land title and can delay the release of funds or the sale-refinancing of the property. Filing a builders’ lien will force