What does a caution mean on Land Registry?
What does a caution mean on Land Registry?
Cautions against first registration are registered as a Caution Title where a property is unregistered and where a person other than the owner claims an interest in the property. Caution Titles are similar to Title Registers in their layout and are likewise accompanied by a Title Plan.
What does caution on a property mean?
A caution is a document that gives notice to the world that a party has an interest in land. A caution is registered on title to the subject property. Such encumbrances are considered to be title defects required to be removed prior to the sale of a property.
How do you remove a land caution?
A caution can be removed by the person lodging the same, or by order of the court, or subject to Section 73 (2) of the LRA, by order of the Registrar, if such person fails to remove it after being served with a notice to do so by the Registrar.
What is a caution on a folio?
A caution or inhibition may be placed on the folio which gives indirect protection for the right or interest concerned. A caution gives temporary protection only. It requires a warning only of a proposed dealing by the registered owner.
Who can put a caution on a property?
4. Who can lodge a caveat and/or caution on land? Any person can lodge a caution or caveat so long as he/she claims a contractual or other right over land amounting to a defined interest capable of creation by a registrable instrument e.g. a lease.
What is caution against?
to tell someone that doing something is not a good idea: caution (sb) against sth/doing sth Many economists caution against reading too much into one month’s report.
How do I remove a caution from my title?
The caution must contain a statement by the cautioner on his/her solicitor authorizing the Land Registrar to delete the caution from the property 60 days after the date of closing and the date of closing must be included as part of the statement.
How do you place a land caution?
HOW TO REGISTER A CAVEAT / CAUTION ON A PARCEL OF LAND
- The prescribed form (Form R.L. 22)
- An affidavit explaining the interest the cautioner has in the land.
- A copy of the title (or the title number)
- The prescribed fee.
What is a unilateral notice Land Registry?
A unilateral notice can be most commonly found in the charges register of the property if it is registered. This notice is a charge used to register any interest which a third party may have in a particular property or estate, and notify the other party of its existence.
What is an inhibition on a property?
An inhibition is a form of diligence which can be used by a creditor – a landlord – to prevent a debtor – a tenant – from selling (and sometimes leasing) their land or property in Scotland until the debt is settled.
Can a caution be removed?
A conviction can never be removed, but out of court disposals such as cautions, warnings and reprimands can be deleted entirely from the Police National Computer if sufficient grounds can be established. Even your arrest record can be deleted in certain circumstances.
What is an example of caution?
An example of a caution is a warning issued that a surface is very hot. An example of caution is when you drive slowly and carefully. To caution is defined as to warn. An example of caution is when you warn someone to be careful because the floor is wet.
