[2][3][4][5] Caveats can include ongoing court cases, bad debts or second mortgages.
[6] According to Samantha Hepburn, "caveat's function as notification of an interest: once lodged they do not guarantee any title".
[5][3] Banks often lodge caveats to protect their interest when extending a mortgage loan.
The Land Titles Office cannot register any transactions regarding the estate while a caveat applies.
[5] A lapsing notice will require the caveator to commence Supreme Court proceedings and obtain an extension of the caveat within days of the date on which the notice was served.