Caveats over properties
We prepare clauses for clients for inclusion in their contracts that allow them to lodge caveats over debtor's properties.
Caveats are a very effective method of securing loans and other debts. A caveat is a written warning that appears on the certificate of title of a property telling anyone who wants to deal with the property, that the person who lodged the caveat, has an interest in that property.
Lodging a caveat over a property prevents the owner of the property from selling, mortgaging or dealing with the property without your knowledge.
If someone owes you money we can advise you on whether you have the right to lodge a caveat over their property and arrange for the caveat to be lodged. This will then give you some security to ensure the debt is paid.
If someone has lodged a caveat over your property, we can advise you on having the caveat removed and facilitate this process for you.
Because our offices are not located in the CBD our rates are substantially lower, often up to 20% lower, than most commercial law firms.
In our experience sometimes clients shop around with quotes that we provide, which of course is their right. We always tell clients, therefore, if they receive what they think is a better price they can forward it to us and we will match it.