Common use of Caveatable interest Clause in Contracts

Caveatable interest. The Developer acknowledges and agrees that when this Deed is executed the Council is deemed to have acquired, and the Developer is deemed to have granted, an equitable estate and interest in the Land for the purposes of section 74F(1) of the Real Property Act and consequently the Council has a sufficient interest in the Land in respect of which to lodge with NSW Land and Property Information a caveat notifying that interest. Draft

Caveatable interest. The Developer acknowledges and agrees that when this Deed is executed by the Developer (whether or not Council has executed this Deed), Council is deemed to have acquired, and the Developer is deemed to have granted, an equitable estate and interest in the Land for the purposes of section 74F(1) of the Real Property Act and consequently the Council has a sufficient interest in the Land in respect of which to lodge with the NSW Land and Property Information a caveat notifying that interest. Draft.

Caveatable interest. The Developer acknowledges and agrees that when this Deed is executed the Council is deemed to have acquired, and the Developer is deemed to have granted, an equitable estate and interest in the Land for the purposes of section 74F(1) of the Real Property Act and consequently the Council has a sufficient interest in the Land in respect of which to lodge with NSW Land and Property Information Registry Services a caveat notifying that interest. Draft.