Saturday, July 19, 2008

'Lien'...

My mom was once working with TTDI development, and it was then that I heard of many contractors 'running' away with their customers' money. It was getting so rampant that most Projects had to suffer delays, or worse put to a complete halt. One of it still exists till now, this Old+semi complete building sitting right next to TTDI Hills, eye sore to many, but A retreat for some adventurous friends of mine, who brave their way up just for a better view of Fireworks.

I have never heard of any legal rights/actions pertaining to such mishaps till recently when I came across this website, while browsing for the jargon 'Lien'. (Lien is a law jargon which actually means The right to take and hold or sell the property of a debtor as security or payment for a debt or duty extracted from Dictionary.com). Only difference is, this company (''Prolien' on the website) represents the contractors! I guess time has changed. Contractors are protected against clients who arent in the position to pay.

When do you need Prolien? in a nutshell.

>contractors built your house

>they put hard work and effort into it

>physical and mental labour involved

>most of the time under less-than-ideal conditions (not in Aussie tho, LOL)

>and so they deserve to be paid fairly

>and not taken advantage of

>If the above is not met, that's when Prolein steps in, within 20 days notice.


I'm not studying law btw, just curious! =)