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Caveat is a statutory notice that is registered against the Certificate of Title for the land which serves as a notice that the caveator, the one that lodges the caveat is very much interested of the land. The purpose of this is to prevent the land from being transferred without the knowledge of the caveator. This serves as a controlling factor of the caveator. A caveat can only be lodged by the owner of the land or by someone who has interest of the land. The right to lodge a caveat to the borrower's land will not be given to the lender even if the owner owes money to the lender.
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