What is a Caveat? (Australian Readership)

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A caveat in relation to property is essentially a notice recorded on the title to protect an interest in that land which is not yet registered, or which is not able to be registered. In practice it serves a dual role of protecting holder of the interest which is not yet registered on title, and giving notice of this interest to any other party who inspects the certificate of title. This article by Alex Milne looks at some of the common circumstances where a caveat is used, including in conveyancing, and in the building industry, and discusses what is involved in obtaining a caveat.

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Published In: Construction Updates, Commercial Real Estate Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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