Caveats: When can you lodge a caveat on a land sale? | Legal Advice from a Sunshine Coast Lawyer

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Caveats are an important tool in property disputes to protect interests in land. But what exactly is a caveat? If someone owes you money does this entitle you to lodge a caveat?

In this video, John Gallagher from leading Sunshine Coast Law Firm, Argon Law shares more about the effect of caveats.

Unfortunately, you cannot lodge a caveat whenever you feel you have been wronged. In fact, there are penalties for lodging a caveat without reasonable cause.

In order to lodge a caveat, you must have what is known as a "caveatable interest" in the land. Whether you have a “caveatable interest” can be technical and you should obtain legal advice to establish if you have a sufficient interest in the land prior to lodging a caveat.

Once lodged, the caveat will, in essence, prevent the property from being sold or any other dealing being registered, such as a mortgage, unless the caveat is withdrawn, removed, lapses or is cancelled.

It is important to understand the risks associated with lodging a caveat before doing so, so always be sure to seek legal advice from your solicitor.

Do you require legal advice? Contact Argon Law via the links listed below.

You can find us at http://www.argonlaw.com.au/.
Please feel free to contact us at [email protected] / 07 5443 9988
Follow us on LinkedIn @ArgonLaw

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