All About Builders Liens
There are times when builders may experience troubles when they are looking to getting paid for works that they already have done. In case of such happenings, there rises the need for them to express interest by filing a builders’ lien so as to seek payment for the work they have already completed. Another name for builders’ lien is a construction lien. A person has to know the steps to follow in case they are seeking legal representation or interest for any kind of property they have worked on. When one is seeking legal interest, it means that they have financial interest on a certain project as what that means is that they are owed monies for already delivered works.
It is wise for builders to know that when one is filing a construction lien, one can be limited by the time to file it as there’s deadlines. This however varies from province to province as such liens are usually filed in United Kingdom. Therefore, a builder that is wise enough and is seeking compensation ought to know the set timelines and also the deadlines so that they can file in time. In Alberta for example, the set time limits or deadline is set at forty-five days. However, these 45 days are set soon as a builder leaves a construction site.
It is also wise to note that the construction lien can be filed before forty-five days in case builders have not been paid and the project has been abandoned. After the 45 days are over, there is no guaranteed way that one will be able to extend this deadline so as to file for a construction lien. There are other areas when a construction lien deadline kicks off soon as substantial works have been done on a given property.
A person may experience technicalities and they can actually help them to get longer number of days on the lien they filed since it will not be limited by the deadline. Soon as a builder files a lien, it is always enough proof to indicate that they have interest on the property. Once the lien has been placed, it is usually registered against the land title. That way, there will arise a delay in sale or lease of the property at hand.
To conclude, there is need for builders to know that they are covered by the builder’s lien when their dues are not paid are not paid to them at the right time. Therefore, in case of any experienced delays, the next thing to do is to file a builders’ lien and with that they can remain assured that the lien will stay attached to other supporting documents relating to the property up until all pending issues and dues are addressed and paid.