Brief Copyright Explanation

A brief explanation of Builders Liens  February 13, 2013 – 09:21 pm
Brad Templeton Home

Builders’ Lien

The Builders’ Lien Act assists contractors, labourers, and suppliers who have provided work or material to a construction project, yet have not been paid. The Builders’ Lien Act also affords owners some protection by limiting their liability to that of the lien fund in the event a general contractor does not pay its subcontractors and suppliers.

A builders’ lien secures a claim for payment of the money owed as a charge against the property involved for work done or materials supplied to a construction project whether that project is a large commercial development or a small home renovation.

While a builder’s lien can be an effective tool, the registration of a lien does not guarantee payment or ensure the contractor or supplier will be paid in full; as requirements under the Builders’ Lien Act are strict. Be sure to seek legal advice very early in the process to ensure that all of the requirements are met and your rights are protected.

Contact Adrianna Worman to find out more about how we can assist you with your Builders’ Lien matter.

Source: schuettlaw

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