Lapsing, extension and withdrawal of caveat – Singapore property for rent/ sale
A caveat is valid for a period of five (5) years from the date of notification. Singapore property for rent/ sale.
An extension of caveat is a legal document lodged at SLA to extend the expiry date of the caveat for a further period of 5 years. When an extension of caveat is lodged and accepted by SLA, a caveat notice will also be served on the appropriate parties.
The Registrar has no power under the law to remove a caveat on his own motion. In order to have a caveat removed, the owner of the property will have to obtain an order of Court to remove the caveat. Any body who had registered the caveat can also have it removed any time. For example, once the bank loan is fully redeemed, the bank will have the caveat removed.
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