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A Caveat is valid until it is withdrawn by the purchaser or court order, or lapses.« Back to Glossary Index