(1) Any person
claiming any estate or interest in any land in respect of which any
application under this Part is made may, at any time before the application is
granted, lodge a caveat in the Lands Titles Registration Office forbidding the
granting of the application.
(2) Every such caveat
shall in all other respects be in the same form, shall be subject to the same
provisions, and shall have the same effect with respect to the application
against which it is lodged, as a caveat against bringing land under the
provisions of this Act.