Why filing a Construction Lien can be the difference between getting paid fast and further ghosting?

Filing a construction lien can be a powerful tool for contractors to get paid for the work they have done. It puts the property owner and any potential buyers on notice that there is an outstanding debt, which can make it difficult to sell the property without first settling the debt. It also gives the contractor the ability to force the sale of the property in order to satisfy the debt.

But perhaps the most important reason for filing a construction lien is that it can help ensure that you get paid before other creditors in the event of the property owner's bankruptcy. This is because the lien gives you a secured interest in the property, which means you have a better chance of getting paid than unsecured creditors.

In Ontario, there are strict time limits for filing a construction lien. In most cases, you must file your lien within 60 days of the last day you supplied materials or performed work on the project. Failure to file within this timeframe can result in your right to file a lien being lost. In order to file a construction lien, you will need to follow certain procedures and requirements.

It's important to work with an experienced construction lien service such as Lien Master who can help guide you through the process and ensure that all the necessary requirements are met.

In conclusion, filing a construction lien is an important tool for contractors to get paid for the work they have done. It can help put you in a better position to collect payment and protect your rights in the event of a property owner's bankruptcy. If you are owed money for construction work, don't hesitate to speak with us to discuss your options.