Construction Lien Act Of Ontario: The Lien Filing, A Prior Mortgage & Receiver Fees

Construction Lien Act Of Ontario: The Gripping Fight Between Lien Filing, A Prior Mortgage & Receiver Fees

Ira Smith Trustee & Receiver Inc.
167 Applewood Crescent #6, Concord, ON L4K 4K7
(647) 799-3312

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In this Brandon Blog, we examine the recent Ontario court decision regarding the treatment of court-appointed receiver fees when mortgagees and construction lien claimants disagree over the priority of their claims.

http://www.irasmithinc.com/blog/construction-lien-act-of-ontario/

#constructionactontario #constructionactontario #constructionlaw #constructionlien #constructionlienact #constructionlienact60days #constructionlienactcanlii #constructionlienactcanliiontario #debt #bankruptcy #restructuring #foreclosure

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http://www.irasmithinc.com/blog/construction-lien-act-of-ontario/

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I review a recent Court of Appeal for Ontario construction lien act decision in the Urbancorp CCAA proceeding that will have a special interest for subcontractors general contractors and builders.

What is a construction lien?
Who is a lien claimant?
How do liens affect a home’s title?
What happens to a home owner’s line of credit when there is a construction lien?
What is "holdback"?
What is "preserving" and "perfecting"?
What is "substantial performance"?
What is a "construction trade newspaper"?
Perfecting a preserved lien
The Certificate of Action
Removing a lien from a home’s title
Final comments about this video

Construction Law in Canada – Get Paid: Part 1 – Construction Liens and Notices. This video is about helping Canadian contractors get paid in the construction industry. Owners and developers have to realize that construction wouldn’t happen in this country without the financing provided by the trades and trades should be paid promptly. By filing a construction lien for unpaid services and materials a contractor has some protection from a defaulting customer. The construction lien will act as a lien against the land for the value of an unpaid trade’s work on the project. Watch to learn more about the Construction Lien Act and how to get paid.

Lien deadlines in Ontario can be tricky. Since the new legislation in 2018 more of our customers than ever have been confused or given improper information about Ontario’s lien deadlines and Ontario perfection deadlines.
In this video we give a brief overview of the new legislation and how to calculate your lien deadline in Ontario.

If you have not yet seen Quinn’s video on how to calculate your lien filing deadline in Ontario

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How do construction liens work in Ontario?
1,873 views15 Jul 2020

KPA Lawyers Professional Corporation
1.1K subscribers

https://youtu.be/UMuk5pwdW34

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http://www.irasmithinc.com/blog/construction-lien-act-of-ontario/

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