Ontario Construction Lien Definition
The layman definition of construction lien is the same as a builders lien. The Ontario construction lien definition only covers an Ontario construction lien. In other provinces these types of liens are referred to as builders liens. Protecting financial interests is the main reason why companies file an Ontario construction lien.
Construction liens are a risk management tool you can use to protect yourself on an Ontario job site. This type of lien is typically used in Ontario if there is difficulty receiving payment. Liens must be filed within a specific time period, which varies in each province. In Ontario you have 45 days from the date last on site providing materials, services, labour, etc. to file a construction lien. Lien deadlines in Ontario cannot be extended in any way. Here is a handy tool to calculate the filing deadline date for an Ontario construction lien.
In layman terms, if you have provided work and-or materials to a job site in Ontario that helps to improve the land, you can file an Ontario construction lien. Liens are usually filed in the event of non-payment. When a lien is registered it is registered against your customer and attaches to the land title of the property you worked on in Ontario.