What is the primary purpose of a caveat lodged against a property title?
Correct Answer
A) To prevent registration of dealings with the property until the caveator's claim is resolved.
A caveat is lodged to protect a person's interest in land by preventing any dealings or transactions with the property until their claim or interest is properly resolved. It acts as a 'stop' on the title to maintain the status quo.
Why This Is the Correct Answer
A caveat is a statutory 'stop' on the title. A person who claims an interest in the land, such as a purchaser under a contract or an equitable mortgagee, lodges it so the Registrar will not register dealings that would defeat that interest until the claim is withdrawn, lapses or is resolved by the court.
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