The word caveat means ‘beware’ and lodging a caveat on real property means a warning that there is an interest on the land or property.
While searching properties to purchase, if you see a property having a caveat on it, you should remember that someone has a priority interest in that property.
Ji Hoon Chang, a lawyer from David Chang Legal, gives you brief legal advice about the issues with caveat through the November episode of the Legal Info.
[The Full interview is available via podcast above]
