Can a contractor put a lien on my house with no contract in BC?
If a subcontractor, supplier or worker engaged as a result of your contract has not been paid, they may have the right to file a lien against the project property. They will only have 45 days from the “trigger” date to register that lien on the property.
How long does a contractor have to file a lien in BC?
Time for filing claim of lien may be filed no later than 45 days after the date on which the certificate of completion was issued. (b) the improvement has been completed or abandoned, if paragraph (a) does not apply.
What is the lien period in BC?
Under the Act, all lien claimants will have 45 days to file a lien. The commencement of this period depends on whether a “Certificate of Completion” has been issued.
How long is a lien valid in BC?
The lien period expires 45 days after the applicable trigger and the holdback period expires 10 days after that. Holdback funds must therefore not be paid until 55 days after the applicable trigger event.
How do I remove a lien in BC?
If the lien claimant does not file a Notice of Civil Claim (NOCC) in the Supreme Court of British Columbia and register a Certificate of Pending Litigation (CPL) on title to the lands within one year of the filing of the lien, the owner can apply to the appropriate Land Title Office (LTO) to have the lien removed.
How much does it cost to put a lien on a house in BC?
The cost of filing a claim of lien against a single title is $5.00 payable to the BC Minister of Finance. The cost of filing a claim of lien against multiple titles is $5.00 times the number of titles identified under the claim.
How do liens work in BC?
In B.C., a lien can be registered against personal property as security to make sure a debt or loan is repaid. The lien is a registered legal claim on personal property owned by an individual or a business.
What is a lien holdback?
Definition. Provides a form of security to contractors, subcontractors, workers and suppliers who work on a building that is under construction.
What is the purpose of holdback?
In the construction industry, holdbacks may be inserted into contracts as a way to protect the buyer, by “holding back” a portion of the invoice until all the work is complete. This allows the parties to complete the project on schedule.
What is a deficiency holdback?
Standard form contracts typically specify when the holdback is to be paid to the contractor. At that point, the owner may use the holdback for the completion of the work or correction of deficiencies, if permitted by contract, because the owner is no longer required by statute to continue retaining those funds.
How do I register a lien in BC?
To file a claim of lien, complete Form 5 under the Builders Lien Act and register the claim at the appropriate Land Title Office, in person or by mail. Include a cheque payable to the BC Minister of Finance with your documentation.
How do I file a lien in BC?