What is a caveat?
In Latin, Caveat means ‘beware’…but in most cases they don’t need to sound that scary, and are easily removed.
A caveat is a notification that a third person as some right or interest in the land mentioned on the Certificate of Title. In most cases they must be removed from a property to be able to make it to a successful settlement.
Caveats are removed when the caveator lodges to withdraw it from the title. If the caveator does not remove it they are given 21 days’ notice by your settlement agent, in which time they either need to seek legal action or the caveat is removed by Landgate.
If you have any questions about caveats our team at Hanson Property Settlements is here to answer all of your questions!
Contact us on 6160 6470!