Property problems: Builder's threats probably hold no ground

Q. I have engaged a builder to construct a residential investment property. It is nearing completion and disputes are starting to arise over extras. The builder says if I don't pay his claims he will caveat my land title. Can he do this?

Monday, November 17th 2003, 6:42AM

by The Landlord

A. Obviously you appreciate what a caveat is, namely a notice lodged against your land title. It will prevent any documents being registered after the caveat (such as a mortgage or transfer of title). A caveat can be registered only by someone with a registerable interest in the land.

Read More - Opens in a new window
« Rising petrol prices not good for propertyReal Estate Agent Changes In Wind »

Special Offers

Commenting is closed

www.GoodReturns.co.nz

© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved