How many of you know what is a caveat and what does it do. The good definition of a caveat is that it is an instrument when lodged at the titles office that can prohibit any person dealing with the land in question. Most times a caveat is used to protect a purchaser buying land or a property owner selling land without repaying a mortgage. But there are cases where caveats have been lodged trying to secure a debtors asset when they are liable to a creditor. The simple fact of owing money does not give rise to lodging a caveat on land. Making sure you have a caveatable interest is very important because if you get it wrong you can find yourself in court and facing a hefty legal costs account for the priviledge So next time seek advice and get it right
