The Essential Laws of Deadlines Explained
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. When such a thing happens, there is need for awareness to builders’ lien as that is one of the ways to seek compensation for already done works. A builders’ lien is also known as a construction lien. There are steps that one is supposed to follow when one is seeking legal interest against any property a builder has 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.
When a builder is filing a builders’ lien, there is need to know that there is usually a set time limit to do so. 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. For instance, for those people living in Alberta, they need to know that they have a time limit of forty-five 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. There is usually no guarantee that after the forty-five days are over that one will be able to file a builders’ lien against the property. 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. Once a builder files a construction lien, it always serves as proof of interest on any given property listed on the lien. Once the lien has been placed, the next thing is that it is registered with the tile of that piece of land. That way, there will arise a delay in sale or lease of the property at hand.
In conclusion, builders should be aware that they are usually covered in case they are not paid their dues when it is time. Soon as a builder experiences delays, it is wise for them to file a construction lien and have it attached to other land documents for faster processing of dues.