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A claim of lien will lapse and be completely extinguished unless a lawsuit to enforce the lien is commenced and a certificate is filed on title within a year of the filing of the lien. The one year period can be short- ened to a 21 day period if you receive a notice requiring action. [s.

To file a builders lien, the lien claimant must fill out a claim of lien and file it with the land title office. The land title office has an online application that can be used to complete and file the form. Note the form must include the legal description of the project site ? a street address is not enough.

A builders lien may be claimed by a contractor, subcontractor or worker. The Builders Lien Act also creates a pool of money out of which claims may be paid, by requiring an owner to hold back 10% of each payment to the contractor ? the builders lien holdback.

A lien claimant files a builders lien The legal description can be obtained from BC Assessment. Generally, the deadline to file a lien is 45 days after the project is substantially completed, abandoned or ended.

Once your lien rights expire you cannot renew or extend your deadline. A Builders Lien is valid for 1 year and expires unless legal action has been commenced.

It is mandatory that any contract holder on a project hold back 10% of the contract amount owed. An owner will hold back 10% of the contract price from the head contractor. The head contractor will hold back 10% from each subcontractor and so on down the chain. The holdback exists to protect potential lien claimants.