SQE Property Law and Practice 2 — Questions and Answers
Question 1: Which form is used to grant a new lease of a registered title?
- LR1 (Correct answer)
- TR1
- AP1
- FR1
Correct answer: LR1
The LR1 form (now incorporated into the lease document) is required to register a new lease of registered land at HMLR.
Question 2: Under the Law of Property Act 1925, what is the maximum duration for a legal lease created without deed?
- 3 years (Correct answer)
- 5 years
- 7 years
- 21 years
Correct answer: 3 years
Under s.54(2) LPA 1925, a lease of up to 3 years taking effect in possession at market rent requires no deed.
Question 3: What is the term for a buyer's solicitor's obligation to report all matters affecting title to their client?
- Duty to report on title (Correct answer)
- Duty of care
- Fiduciary duty
- Duty of disclosure
Correct answer: Duty to report on title
The duty to report on title requires a solicitor to advise the client of all significant matters revealed by the title investigation.
Question 4: Which Protocol governs residential conveyancing transactions in England and Wales?
- The Law Society Conveyancing Protocol (Correct answer)
- The SRA Conveyancing Code
- The RICS Protocol
- The HM Land Registry Protocol
Correct answer: The Law Society Conveyancing Protocol
The Law Society Conveyancing Protocol sets out best practice for residential freehold and leasehold transactions.
Question 5: What is an 'overriding interest' in the context of registered land?
- An interest binding on a purchaser without appearing on the register (Correct answer)
- An interest that overrides a mortgage
- A superior title claim
- A restrictive covenant registered at HMLR
Correct answer: An interest binding on a purchaser without appearing on the register
Overriding interests bind a registered proprietor even though they are not entered on the register, as listed in Schedule 3 LRA 2002.
Question 6: Which notice at HMLR protects an estate contract such as an option to purchase registered land?
- Unilateral notice (Correct answer)
- Agreed notice
- Restriction
- Caution against first registration
Correct answer: Unilateral notice
A unilateral notice can be entered without the registered proprietor's consent to protect an estate contract or option on registered land.
SQE Property Law and Practice 2
Which form is used to grant a new lease of a registered title?