I was looking at a contract of sale (section 32) in Melbourne and saw a Queen's Caveat. What does it mean?
On the Registrar of Titles Victoria it says:
Her Majesty Queen Elizabeth II forbids registration of any transfer or dealing with any part of the land by the named registered proprietor.
Reason for recording Queen's Caveat:
Names registered proprietor is a represented person within the meaning of the Guardianship and Administration Board Act 1986.
As such this property is handled by the State Trustees.
Does that mean that any future owner who wants to sell the property will have to go through State Trustees? Can the Queen's Caveat be withdrawn?
On the Registrar of Titles Victoria it says:
Her Majesty Queen Elizabeth II forbids registration of any transfer or dealing with any part of the land by the named registered proprietor.
Reason for recording Queen's Caveat:
Names registered proprietor is a represented person within the meaning of the Guardianship and Administration Board Act 1986.
As such this property is handled by the State Trustees.
Does that mean that any future owner who wants to sell the property will have to go through State Trustees? Can the Queen's Caveat be withdrawn?