Compensation Arising from Caveat

Serious consequences arise where a Caveat is lodged over property without reasonable cause. Any person who suffers loss arising from a caveat being lodged unreasonably has a right to compensation under s 118 of the Transfer of Land Act 1958 (Vic). A question arises where a Caveat is reasonably lodged but maintained beyond a reasonable period. In-House Briefing Memorandum ~ Compensation Arising From Caveat Liability limited by a scheme approved under Professional Standards Legislation This fact sheet is intended only to provide a summary and general overview on matters of interest. It does not constitute legal advice. You should always seek legal and other professional advice which takes account of your individual circumstances.