Builders Lien definition in layman terms:
A builders lien is typically used if you are having difficulty getting paid. When you file a builders 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 Builders Lien.
Liens must be filed within a specific time period, which varies in each province. Also, some provinces the term builders liens can also refer to or be known as construction liens and mechanics liens. In Ontario builders liens are known as Construction Liens. In New Brunswick, Nova Scotia, PEI, Newfoundland, Yukon, Northwest Territories and Nunavut, builders liens are called Mechanics Liens. Only in British Columbia, Alberta, Saskatchewan and Manitoba are builders liens called a Builders Lien.