Property Law and Practice Flashcards
6 cards from real SQE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Property Law and Practice flashcards as text
Which form is used to grant a new lease of a registered title?
Answer: LR1
The LR1 form (now incorporated into the lease document) is required to register a new lease of registered land at HMLR.
Under the Law of Property Act 1925, what is the maximum duration for a legal lease created without deed?
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.
What is the term for a buyer's solicitor's obligation to report all matters affecting title to their client?
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.
Which Protocol governs residential conveyancing transactions in England and Wales?
Answer: The Law Society Conveyancing Protocol
The Law Society Conveyancing Protocol sets out best practice for residential freehold and leasehold transactions.
What is an 'overriding interest' in the context of registered land?
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.
Which notice at HMLR protects an estate contract such as an option to purchase registered land?
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.