8 Jun 2021
HAWKEN LANE DEVELOPMENT LP v PROPERTY SALES DIRECT LIMITED [2021] NZHC 1410
- Citation
- (2021)22 NZCPR 212
- Court
- High Court
Caveat must be removed because the caveat purports to protect an equitable purchaser interest created by an agreement that has been cancelled (such an interest does not survive cancellation) and the alternate interest asserted (an equitable lien) cannot attach to the vendor's land because the deposit is held by solicitors as stakeholder, meaning the caveat claims the wrong interest and is defective.