When it comes to construction projects, payment disputes can sometimes arise between contractors, subcontractors, and property owners. A construction lien is a powerful tool that can help ensure payment for services and materials provided in relation to a construction project. However, many parties may be hesitant to use this tool due to concerns about the cost. In this blog post, we will explore the cost of registering a construction lien in Ontario and why it may be worth the investment.
What is a Construction Lien?
A construction lien is a legal claim against a property where work was performed or materials were supplied in relation to a construction project. It is a way for contractors and suppliers to secure payment for their services and materials provided. In Ontario, construction liens are governed by the Construction Act.
Cost of Registering a Construction Lien in Ontario
The cost of registering a construction lien in Ontario varies depending on the circumstances of the project. Here are some of the fees involved in registering a construction lien:
- Preparation Fees Before registering a construction lien, a construction lawyer may need to review the contract and prepare the lien claim. The fees for these services will depend on the lawyer’s hourly rate.
- Lien Registration Fees The fee to register a construction lien in Ontario is $71.20, as of March 2023. This fee is payable to the Ministry of Government and Consumer Services.
- Discharge Fees If the lien is discharged, there may be additional fees involved. These fees will depend on the circumstances of the project and the legal representation involved.
Why Register a Construction Lien?
While there are costs associated with registering a construction lien, the benefits may outweigh the investment. By registering a lien, contractors and suppliers can secure payment for their services and materials provided. This can help protect their business and ensure they are paid for the work they have done. Additionally, a construction lien can help facilitate negotiations and potentially lead to a settlement without the need for litigation.
Contact Falcon Law PC for Construction Lien Legal Assistance
If you are considering registering a construction lien or need legal assistance with a construction lien issue, Falcon Law PC can help. Our team of experienced construction lawyers can provide legal advice and representation to help protect your rights and secure payment for your services and materials provided. Contact us today at 1-877-892-7778 or email@example.com to schedule a consultation.