A caveat is a document that anyone with a legal interest in a property can lodge with the relevant state authority.
A caveat note appears on the title held by the land register, giving anyone with an interest in the property, notification of third party claims over the land.
Caveats prevent any future registering of interests without your consent.
The relevant state authority will accept a caveat if the form has been fully completed and often, caveats are lodged without legal advice.
There are different types of caveats and if the wrong one is lodged, a court can consider the caveat invalid and require compensation to be paid to the landowner.
Therefore, it is important to seek legal advice.
Many interests are sufficient to support the lodgement of a caveat, such as:
- A purchaser under contract to acquire the land
- A tenant of the land
- A chargee of the land
Find out why smart property investors are using RealRenta
RealRenta Landlords can save up to $1,200 or more per year in fees, doing away with Agent inefficiencies for good, whilst maintaining a professional veneer as a landlord.
Use RealRenta now for Free for up to 2 months and you will NEVER hand over your investment income to a Property Manager EVER AGAIN!
Share this with friends who are also property investors- they will love you even more!
Use RealRenta for Free for up to 2 months Now!
