Caveat

Caveat is Latin for “Beware”. In general usage, this is most commonly used in the phrase “Caveat emptor”: “Let the buyer beware.” See Caveat Emptor.

In property law, a caveat is a type of statutory injunction preventing the registration of particular dealings with real property.

A caveat acts as a warning or formal notice to tell the public that there is an interest on the land or property for a particular reason. :

An interested potential purchaser may lodge a Caveat if they have particular ‘Caveatable Interest’ in that property, to protect the potential purchaser’s legal affairs such as having a registered mortgage, transfer, agreement to purchase, proprietor or contract relating to that site, or in some cases be a tenant with options to do so.

A Caveat is valid until it is withdrawn by the purchaser or court order, or lapses.

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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au