What is the typical lapse period for a caveat on title?

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Multiple Choice

What is the typical lapse period for a caveat on title?

Explanation:
A caveat on title is a formal warning that someone has an interest in the property and wants to pause certain dealings with the title. It isn’t permanent; there’s a limited window to keep it alive. The typical lapse period is two months: if the caveat isn’t renewed or extended before that two‑month period ends, it lapses and falls off the title. To keep it active, the caveator must file an extension or renewal prior to expiry, after which the caveat can remain for another defined term. This setup ensures the title isn’t blocked indefinitely while still giving the claimant a chance to proceed.

A caveat on title is a formal warning that someone has an interest in the property and wants to pause certain dealings with the title. It isn’t permanent; there’s a limited window to keep it alive. The typical lapse period is two months: if the caveat isn’t renewed or extended before that two‑month period ends, it lapses and falls off the title. To keep it active, the caveator must file an extension or renewal prior to expiry, after which the caveat can remain for another defined term. This setup ensures the title isn’t blocked indefinitely while still giving the claimant a chance to proceed.

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