Caveat on title

A caveat is a statutory notice lodged on the title of a property under the Real Property Act 1900 (NSW). It gives notice of, and protects the priority of, an interest that a person claims in that l...

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• referenceDefinition: {"term":"Caveat on title","definition":"A caveat is a statutory notice lodged on the title of a property under the Real Property Act 1900 (NSW). It gives notice of, and protects the priority of, an interest that a person claims in that land; it does not create, register or transfer ownership. To lodge a caveat you must have an actual caveatable interest in that particular land, which is commonly created first by signed loan or security documents recording the agreed interest. Lodging a caveat without a proper caveatable interest can expose the person lodging it to a compensation claim (s 74P). A caveat is also not permanent protection: it can lapse or be withdrawn and can be challenged by the registered owner (for example under s 74J). It is one tool among several and its suitability depends on the circumstances; a conveyancer can advise.","primarySource":"https://classic.austlii.edu.au/au/legis/nsw/consol_act/rpa1900178/s74f.html"}