Builders Liens #70

BCREA logo with the words 'legally speaking' printed below

By Gerry NeelyB.A. LL.B. Column #69 which discussed a Builders Lien clause resulted in questions which indicate that there is some confusion as to when liens may be filed and lien holdbacks may be paid out. Those licensees who were surprised to discover that a lien could be filed against property even after title of

Builders Lien Clause #69

BCREA logo with the words 'legally speaking' printed below

By Gerry NeelyB.A. LL.B. I recently reviewed a proposed contract for the purchase of a lot and a home to be constructed by the owner/builder. The licensee who prepared the contract prudently included a clause to provide for a lien holdback. The percentage to be held back was fifteen per cent. However, since September 1,