Lien

A claim registered against the title of a property for money owing. For example, if a company does construction work on your house, but is not paid, that company may register a lien against the property. The lien must be properly filed by the claimant and has a limited life, which varies by province. As long as the lien holder takes action within the prescribed time period the homeowner may be obliged to pay the amount claimed by the lien holder. The lien holder can force the sale of the property to pay off the debt.

 

Special conditions apply. Rates subject to change.