Everything You Need to Know About a Builders Lien
A builder’s lien can also be referred to as a lien on property. It secures a claim for payment for work done on--or materials provided to--a construction occupation or to get renovations or repairs designed into a existing structure. Every time a lien is registered in the Land Title Office, then it becomes a charge against the title to the house or property involved. Builder’s liens can be an effective instrument to recover outstanding debts owed to builders and material suppliers. But because the law is complex and filing accurately completed forms within the required deadlines is vital, you should have legal advice when fulfilling a contractor lien. The Builders' Lien Act is designed to offer contractors and suppliers of equipment or materials with safety for payment. The charge produced by the liability is actually a lien against the land (or so the mineral rights) in regard to the materials or services were provided. A lien is deemed to exist from the moment