Builders' Liens create claims for the suppliers of goods and services, against the real property for which they have been supplied,

 

Lien registered against Title to land

Legislation stipulates the process and timing for registering liens

Holdbacks required: Property owner may hold back portion of contract price to general contractor in order to discharge potential liens of suppliers or sub-contractors.

Consider the above concept of Builders' Liens.

 Please provide an example that involved builders' liens and need included details such as from the beginning of the property owner wants something to be build to holdback.

Answer rating: 100% (QA)

Certainly Lets walk through an example involving builders liens Scenario John owns a piece of land and wants to build a new house on it He decides to ... View the full answer