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Signing a contract to purchase a property does not make you a legal owner. However, a caveat can be lodged against the property after exchange declaring the purchasers interest. This helps protect the purchaser from any potential dishonesty from a vendor who may try and sell to multiple people.
a warning to consider something before taking any more action, or a statement that limits a more general statement: He agreed to the interview, with the caveat that he could approve the final article. Synonym. proviso.
The response to a caveat warning should be addressed to the interested party that filed it. It should thank the interested party for bringing their concerns to your attention and state that you are committed to resolving the issues. The response should also outline the steps you will take to resolve the issues.
Your lawyer would need to draft and file an application which gets lodged in the District Court registry. He then appears before a judge on that application with arguments as to why the caveat should be removed. If the judge agrees, an order will be made extinguishing the caveat.
In most cases, a caveat can only be removed through consent from the individual that filed, or through a Court Order. In some jurisdictions, your ex may have some right to the property if youve been together for an extended period of time and he/she contributed to the property.