Things You Should Know About The Builder’s Lien In Alberta.
Alberta has a builder’s lien that protects contractors against non-payment from home owners. The Act gives contractors and suppliers room to foreclose on your property when there is a dispute on payment. See below what you need to know about the builder’s lien in Alberta.
You should first understand that this kind of claim can be done by anyone who has done any work on your land or property. This happens when a contractor feels like there is no other way to handle the payment issue with you. It is important to understand that such a claim can lead to the foreclosure on your property and should be taken with the seriousness it deserves. For a supplier to use this claim, the material he or she has supplied must have already been used up on the property or the land in a bid to improve it.
Another fact on Builders’ lien is that it can inhibit you from selling a home and also change your bank status as well as crediting rating. Lien can lapse after a given period of one hundred and eighty days if the right procedures are not followed according to Builders’ Lien Act. It is puzzling for some as there are feelings that filing false lien is easy and this has not been easy to some. This is a result that lien can be filed in a false manner and it has resulted to confusion.
It is even more complex in that there no need of evidence. And it is imperative to file within forty five days since the last day you stopped working as stated in the statutes.
The good news for owners who have been culprits of this lien situation is that it can be removed. It will not look good for you if you have a lien on your title and you want to sell your property someday. If you go through the right channels and do this the legal way you can redeem yourself. The first thing to do which has to be done early in time just when the notice is issued is to prove that you are innocent.
If the lien is already in your title you can request a court order to rid yourself of it. What you will be required by law to do in order to get the court order is to replace the lien with money. The money will replace the lien and it will be removed. Another order you can request is a consent order which might prove hard to get. He will have to approve to have the money replace the lien.