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Volume 13 Issue 01
Commercial Real Estate & Business Opportunities
legallyspeaking
Building or renovating commercial properties:
construction liens 101
By Jayson Schwarz and Konstantine Chatzidimos
Greater Toronto Area
I
f you construct or renovate a property you should know about construction liens
and how they can affect real estate. A lien is, simply, a claim against property. A construction lien is a special kind of claim created by a statute called the Construction Lien Act. These liens are used by people who do construction work or supply materials and/or services for the construction, repair or alteration of land or buildings.
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