Can a property be sold with a caution?

The property cannot be transferred or sold without their consent or evidence that the charge has been repaid. A caution is slightly different in that any person who has an interest in a property can register a caution (eg trustee in bankruptcy, former partner, debtor etc) so a wider range of people can apply.

How are cautions entered in Property Registration Authority?

A caution entitles a cautioner to notice of dealings by the registered owner only and not in respect of dealings other than by the registered owner e.g. a judgment mortgage, etc. A caution against registered land is entered in red on Part 2 of the Folio. A caution against a registered charge is entered on Part 3 of the Folio.

What’s the difference between a charge and caution on a house?

Hi can anybody tell me the difference between a charge on a house and a caution on a house. Thank you Hi. It is my understanding that a charge is registered against a property by a person who has money secured against it owed to them, ie a mortgage or a secured loan.

Which is an example of caution against a registered charge?

A caution against a registered charge is entered on Part 3 of the Folio. Examples of rights which may be protected by caution: The right of a purchaser of lands under a contract for sale. (The caution can only be registered to affect the part of the property the subject of the contract).