CHARGEE'S CAVEAT

A chargee is a person or entity that holds a charge - typically a form of security - over property.  This often arises in commercial lending or contractual relationships where one party agrees to provide security over property to ensure the performance of an obligation.

 

For example, a supplier might extend credit to a business in return for a charge over the director's personal property.  If the charge is not registered as a mortgage, the supplier can lodge a chargee’s caveat to protect that interest.

 

This type of caveat acts as a notice that the property is subject to the charge and prevents the landowner from disposing of or encumbering the property without first resolving the chargee's interest.

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Fee - $470 plus GST

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The above fee excludes the Landgate registration fee and the cost the withdraw the caveat (should that be required).

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See also Withdrawal of Caveats

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