Legal construction mortgage - Aut26

Legal Education

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Topics Covered: Statutory Lien on Construction Projects

Target subcategories: Training not specific to the performance of work

General Objective : Understanding the basics of the statutory construction lien in order to protect one’s rights and, if necessary, enforce them effectively

Specific Objectives :

• Understand what a mortgage is, and more specifically, the statutory construction mortgage (its characteristics, effects, etc.);
• Identify and distinguish between the individuals who are eligible for a statutory mortgage;
• Find out which types of work are covered by the statutory lien;
• Understand the concepts related to the statutory construction lien, including, in particular, those of capital appreciation and the completion of construction work;
• Understand the mandatory deadlines that must be met when enforcing a statutory mortgage;
• Understand the necessary formalities that must be completed in order to establish a statutory mortgage;
• Knowing how to draft and submit a notice of violation to the owner(s) and knowing how to identify situations in which it is mandatory;
• Identify certain specific situations in which the statutory lien might not apply or might apply differently, in order to protect its claims in other ways;
• Develop practical tips and tricks to use in everyday life to protect your right to the statutory lien.

Contents :

A statutory construction lien is a must Essential knowledge for any construction contractor. Indeed, the statutory lien proves to be an excellent mechanism for protecting receivables in the event of a client’s failure to pay. However, it is important to ensure that certain formalities are strictly followed. During this training, you’ll learn the essential concepts needed to effectively implement a statutory lien: the work covered by the lien, notice of the lien, the concept of “completion of work,” the deadlines to be met, the steps required to maintain the lien, etc. All of this is illustrated with concrete examples that will help you fully understand how these concepts apply to your day-to-day reality as a business owner.

Format: Virtual