How Long Does A Caveat Last In Uganda?
What is a Caveat?
A Caveat on land can be defined as a formal notice or warning given by a party interested in land to a court, judge, or registrar of titles against the performance of certain acts within his power and jurisdiction.
How Long Does A Caveat Last In Uganda?
A caveat is a warning to any potential buyer or person interested in a land not to do anything on the land without permission from the person who put that warning. According to the law, a caveat is not permanent. It expires after sixty (60) days or when the person who ‘put’ it removes it.
How can a caveat be removed in Uganda?
Submit the application for removal of the caveat for embossing within the bank.
The Applicant must have in his/her possession an embossed letter called ‘Withdrawal of Caveat’ or ‘Removal of Caveat’,
- one passport photo,
- description of the land affected,
- general receipts of payment of stamp duty and.
- registration fees.
What is the law of caveats in Uganda?
The caveat forbids the registration of any person as transferee or proprietor by way of a sale, lease, mortgage, or any other interest on land.
How much does it cost to remove a caveat in Uganda?
Documents required: Letter of Withdrawal of Caveat, set of Passport photographs, and General receipts of Payment. Fees paid: Stamp duty- 5,000/= and Registration fees – 10,000/=.
What is the process of caveating land in Uganda?
The Applicant must have in his/her possession two sets of embossed caveat documents duly witnessed by an Advocate signed by the person who is placing the caveat (Deponent) and dated, Statutory Declaration signed by the Deponent & a Commissioner for Oaths and two Passport photographs of the person placing the Caveat.