A caveat cannot be removed unless it is withdrawn or if it is lapsed by the owner of the property.
In NSW, the most common way to remove a caveat is by issuing a Lapsing Notice. This is done by the owner of the property, and it is served on the person that lodged the caveat.
For a caveator to formally withdraw a caveat, they must complete and sign a Withdrawal of Caveat form and lodge this together with associated fees.
It is important to obtain advice around removing a caveat to ensure this is done in the most efficient and cost-effective manner.