What Is A Builder’s Lien?
…in Layman Terms:
A builder’s lien is typically used if you are having difficulty getting paid. When you file a builder’s lien you are registering a legal interest against the property you have done work on. You are showing you have a financial interest in the project, for monies owed for the work you have done. In layman terms, if you have provided work and-or materials to a job site that help to improve the land, you can file a Builder’s Lien.
Liens must be filed within a specific time period, which varies in each province. Also, in some provinces the term builder’s liens can also refer to or be known as construction liens and/or mechanic’s liens.
- In Ontario, builder’s liens are known as Construction Liens.
- In New Brunswick, Nova Scotia, PEI, Newfoundland, Yukon, Northwest Territories and Nunavut, builder’s liens are called Mechanic’s Liens.
- Only in British Columbia, Alberta, Saskatchewan and Manitoba are builder’s liens called a Builder’s Lien.
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