Securing Debt With Caveat
Summary
To secure a debt against someones property in new zealand, you can register a caveat. Ensure you have a legal interest, like a written agreement, and file a caveat with land information new zealand (linz). This will prevent the sale of the property until the debt is resolved. Consider seeking legal advice for detailed guidance on the process.Full Conversation
someone owes me money and I are selling their house how can I make it so I can put a cavent or lean or something on their property so they can't sell it unless they pay me the money they owe me
To put a caveat on the property in New Zealand, follow these steps:
- Ensure you have a legal interest, such as a written agreement.
- File a caveat through Land Information New Zealand (LINZ).
- This prevents the sale until the debt is resolved.
Would you like more details on the filing process?