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Caveat

A caveat is a warning on the title of a property that a third party might have some interest or right in the property. This means that the owner of the property is not able to transfer the mortgage, or have any other dealings with the land, without the caveator's consent.

If you find that the property you are looking to purchase has a caveat on it, your solicitor will need to confirm that this will be removed at settlement. It is likely that if the caveat was placed on the title due to the owner borrowing money against the property, so your settlement funds will likely clear it, but this may not be the case so it's worth checking.

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