PURCHASER'S CAVEAT

If you have entered into a contract for the purchase of land, you may lodge a purchaser's caveat over the property.  Once lodged, the caveat protects the caveator (the person lodging the caveat) against certain actions that could defeat their interest in the land before legal ownership is transferred.  For example, a purchaser's caveat protects against:  

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• the seller selling the property to someone else; 

• a third party claiming to have priority based on a later agreement; or

• the seller mortgaging the property to a bank that has no notice of your interest.

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Fee - $470 plus GST

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The above fee excludes the Landgate registration fee and the cost to withdraw the caveat in order to allow settlement to proceed.

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See also Withdrawal of Caveats

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