What is an Industrial Property Caveat?
How to navigate the complexities of an industrial real estate in Singapore largely encompasses a deep understanding of the legal mechanisms put in place to protect both buyers and sellers. A perfect example could be what is known as an industrial property caveat - a very important tool in property transaction. This blog aims at looking into what an industrial property caveat is, how important it is, and its relation to the role of a commercial property agent in Singapore. Understanding Industrial Property Caveat An industrial property caveat means a legal notice lodged with the SLA serving as a public declaration of an interest in a particular property. This means that a party who has either a legal or equitable interest in an industrial property may lodge a caveat for the purpose of protecting his rights. This puts the interest on record in the land registry, a warning to buyers, sellers, and all parties involved of the claim existing on the property. Caveats are used in the pu...