SQE Property Law and Practice 1 — Questions and Answers
Question 1: Which document transfers legal title to registered land in England and Wales?
- TR1 (Correct answer)
- TP1
- AS1
- FR1
Correct answer: TR1
The TR1 form is used to transfer the whole of a registered title to a new owner.
Question 2: What is the standard period for a pre-contract search with the local authority?
- LLC1 and Con29 (Correct answer)
- LLC1 only
- Con29 only
- OS1 and OS2
Correct answer: LLC1 and Con29
A local authority search consists of the LLC1 (local land charges register) and Con29 (enquiries of local authority).
Question 3: Under the Land Registration Act 2002, what is the time limit to register a first registration of title following a qualifying disposition?
- 2 months (Correct answer)
- 3 months
- 6 months
- 12 months
Correct answer: 2 months
Under the LRA 2002, a first registration must be completed within 2 months of the qualifying disposition, or the legal estate will revert.
Question 4: Which priority search protects a buyer between exchange of contracts and completion?
- OS1 (Correct answer)
- OS2
- K15
- K16
Correct answer: OS1
An OS1 official search of the whole title gives the buyer a 30-business-day priority period for registered land.
Question 5: What type of covenant 'runs with the land' and binds successors in title in equity?
- Restrictive covenant (Correct answer)
- Positive covenant
- Express covenant
- Implied covenant
Correct answer: Restrictive covenant
Restrictive covenants can run with the land in equity under the rule in Tulk v Moxhay, binding subsequent owners.
Question 6: On completion of a residential sale, when must Stamp Duty Land Tax (SDLT) be filed and paid?
- Within 14 days (Correct answer)
- Within 30 days
- Within 60 days
- Within 3 months
Correct answer: Within 14 days
SDLT must be filed with HMRC and any tax paid within 14 days of the effective date of the transaction.
SQE Property Law and Practice 1
Which document transfers legal title to registered land in England and Wales?