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Caveats – and their limitations

The process of lodging a caveat is a relatively simple one, usually quick and cost effective and can also be done electronically. Any person or entity which has a “caveatable interest” i.e a legal or equitable interest, in a property is able to lodge a caveat. It is a powerful, and practical mechanism to use, for example, in one of the following scenarios (not an exhaustive list): where a purchaser has signed a contract for sale of land; where a tenant has an unregistered lease; where there is an option agreement to acquire property; or where there is an equitable mortgage in relation to property and the mortgagee wishes to secure their interest. It must be understood that Caveats have their

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