People in Alberta will no doubt agree that many important events occur at different times in their lives. Some of those are anticipated are planned for, while others happen without proper plans being in place. When it comes to wills and estates, plans are drafted for those events that are anticipated, and occasional reviews and modifications are done to address circumstances that were not part of the plans during the original development.
Property owners or tenants in Alberta must take reasonable care to maintain properties in a way that will not endanger visitors. While civil litigation might follow a slip-and-fall injury suffered in a store, homeowners might be sued if a babysitter, courier, repair technician or a delivery person is injured due to dangerous conditions on owned or rented property. Typical dangerous conditions cited in premises liability lawsuits include damaged driveways, walkways and stairs -- among others.
In previous posts in this series, we defined construction liens, then looked at registering liens, and preserving and enforcing liens. In this post, we’ll examine holdbacks and lien funds. They are distinct yet related to each other. These constitute the monies owners must keep in reserve or pay to remove liens from the title to the lands.
In the previous post, we explained how construction liens offer assurance to contractors and suppliers that they will be paid for their work or materials. In this post, we look at how liens are registered.