Do I Need a Purchaser's Caveat?

Signing a contract to purchase land does not automatically render you the legal owner. A purchaser should lodge a caveat to give notice to the world that they now have an interest in that property. It also protects the purchaser should a dishonest vendor try and sell the property again to someone else.

Should I buy a property with a caveat?

You should consider lodging a caveat if you have an estate or interest in land that you cannot protect by registration of some other dealing, for example, a transfer or mortgage. This will safeguard you and provide protection against the property being sold to another purchaser by a vendor.

What does putting a caveat on a property mean?

A property caveat is a legal document lodged to provide notice of a legal claim to a property. Lodging a caveat allows time for both parties to claim their interest in court. No other transactions can be registered against the title until the caveat is resolved.