You may have heard the word caveat before. However, you may need clarification on what this means in a legal context. A caveat is generally a warning that is often tied into a contract. It can also be connected to a title for land. There are many legal considerations if there is a caveat tied to the contract that you are entering into. This article will explain what a caveat is and why you might need one in New Zealand.<\/p>\n\n\n\n
Caveat means \u2018warning\u2019 in Latin and is generally used to make someone aware about a particular consideration. In law it generally relates to a caveat on a property title. It is a notice that is posted against someone else\u2019s record of title for land. If you register the caveat then you are known as the caveator. It essentially means that the caveator has an interest in the land even though somebody holds title to that land. <\/p>\n\n\n\n
There are many reasons why someone may want to lodge a caveat<\/a>. However, for someone to lodge a caveat, they must have a caveatable interest. There are many types of caveatable interests. These may include the interests of a:<\/p>\n\n\n\n For example, a purchaser may buy a property with the settlement date being further in advance. However, the purchaser\u2019s lawyer may lodge a caveat stating that the property seller cannot deal with the land until the settlement date has passed.<\/p>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\n\n