Why People Think Liens Are A Good Idea

What to Know 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. When such a situation arises, there may be need for them to file a builders’ lien seeking to be compensated for works done. A builders’ lien is also known as 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 a builder is seeking legal interest on a property, it serves as proof that they have financial interest as works done have not been paid for.

There is need to know that when one is filing a builders’ lien, there is a time limit on when that has to be done. However, all these deadlines do vary from place to place mainly because they are usually filed in different places in the 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. For example, builders living in Alberta, they should know that the set number of days before the deadline is over is 45 days. However, these 45 days are set soon as a builder leaves a construction site.

One thing to know about a construction lien is that the number of days it can be filed does not exceed forty-five days in case the project has been abandoned and builders have not been paid their dues. 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. Some other areas are such that the deadline kicks off immediately after some considerable amount of works has been done by the builder.

There are also technicalities one may go through which can allow them to have a longer lien than the stated number of days. 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, the next thing is that it is registered with the tile of that piece of land. When this is done, it guaranteed delays in any future planned lease or sale or the already completed property.

Lastly, there is need for builders to be aware that there is a cover for them in case they experience delays in being paid their dues. If delays occur, a builder will simply file one and then the lien can not be removed up until the agreements in place have been met and addressed as expected.

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