Property Law
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Mistakes are often made in describing the interest claimed in a caveat. Is it possible to amend the caveat to claim the correct interest? Macaulay J considered this issue in Percy & Michele Pty Ltd v Gangemi [2010] VSC 530. where the interest claimed was “estate in fee simple” when it should have been “an equitable
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In Victoria a purchaser of land takes the land subject to “the interests of a tenant in possession of the land”. See: s.42(2)(e) of the Transfer of Land Act 1958. The section protects a person who is in actual occupation of the land. Finkelstein J said the following in Money for Living (Aust) Pty Ltd (Administrators Appointed)
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Traditionally leases in Victoria have not been registered because of the protection afforded by s. 42(2)(e) of the Transfer of Land Act 1958 which provides that : “….land which is included in any folio of the Register or registered instrument shall be subject to – ….. (e) the interests of (but excluding any option to