September 23, 2020 by Darren Kautz
A simple way for a contractor to protect themselves when dealing with non-paying clients is a builder’s lien. It establishes an interest in property and the Builders Lien Act automatically creates a lien when a contractor works on a property. However, that lien is automatically lost after a short period of time, often only 45 days after the last day of work.
A question that is often asked to Partner Darren Kautz and Associate David Horvath is what happens if a contractor misses the 45-day lien period as laid out in the Act? How does the contractor secure any funds that may be owed?
Recently Darren and David conducted a webinar for the Southern Interior Construction Association (SICA). Below is a recording of that presentation.