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Posts tagged "Construction lien; owner; contractor; sub-contractor; material; security"

Construction Liens - Vacating your Lien does not mean losing it!

Entrepreneurs in the construction industry can benefit from the Construction Lien to secure payment. When cautious contractors or subcontractors notice they are not getting paid in a timely manner, they can file a lien against the property which has been improved by their services. The owner of the property (or "improvement" as it is known in the Construction Lien Act) is then pressured to get rid of the lien if they wish to finance or sell the property.

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