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 document transfers legal title to registered land in England and Wales?
Answer: TR1
The TR1 form is used to transfer the whole of a registered title to a new owner.
What is the standard period for a pre-contract search with the local authority?
Answer: LLC1 and Con29
A local authority search consists of the LLC1 (local land charges register) and Con29 (enquiries of local authority).
Under the Land Registration Act 2002, what is the time limit to register a first registration of title following a qualifying disposition?
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.
Which priority search protects a buyer between exchange of contracts and completion?
Answer: OS1
An OS1 official search of the whole title gives the buyer a 30-business-day priority period for registered land.
What type of covenant 'runs with the land' and binds successors in title in equity?
Answer: Restrictive covenant
Restrictive covenants can run with the land in equity under the rule in Tulk v Moxhay, binding subsequent owners.
On completion of a residential sale, when must Stamp Duty Land Tax (SDLT) be filed and paid?
Answer: Within 14 days
SDLT must be filed with HMRC and any tax paid within 14 days of the effective date of the transaction.