Province planning to reform commercial liens law
The provincial government says new legislation will make it easier for people to understand liens and protect property rights.
“Liens commonly give people the right to keep another person’s property to secure payment for services that improve the property’s value,” the province said in a news release.
The proposed Commercial Liens Act will apply to the following services:
“Liens commonly give people the right to keep another person’s property to secure payment for services that improve the property’s value,” the province said in a news release.
The proposed Commercial Liens Act will apply to the following services:
- providing labour or materials for the purposes of restoring, improving or maintaining the condition or properties of goods
- storing goods
- transporting, carrying or towing goods
- salvaging goods.
The change will unify rules for repair, storage and transportation liens, which have caused confusion in the past, the province said.