Real Estate Law Overview
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Questions and Answers

What is one of the checks a buyer's solicitor performs when investigating a registered title?

  • Review of last selling price
  • Verification of zoning regulations
  • Inspection of the physical property
  • Matching the title number with the contract (correct)

    • Which of the following must a buyer's solicitor verify for an unregistered title?

  • The total land area compared to similar properties
  • Evidence that the land was registered after 1990 if required (correct)
  • The seller's financial history related to the property
  • The cost of land taxes for the last 15 years

    • What does the epitome must show for unregistered titles?

  • The historical ownership timeline
  • A clear description of the landscape
  • A good root of title for at least 15 years (correct)
  • A brief summary of property taxes

    • Which term refers to the local search conducted by the buyer's solicitor?

    <p>Law Society local search (B)</p> Signup and view all the answers

    What information does the first part of the Law Society's local search form inquire about?

    <p>Local financial land charges (C)</p> Signup and view all the answers

    What action may a buyer request if an unregistered title needs registration?

    <p>For the seller to register the land prior to sale (C)</p> Signup and view all the answers

    In investigating unregistered titles, what must be included in the summary of the title?

    <p>An adequate description without creating doubts (C)</p> Signup and view all the answers

    Which of the following is NOT a component checked for registered titles?

    <p>The seller's credit score (B)</p> Signup and view all the answers

    How long should the root of title cover for it to be considered good in unregistered titles?

    <p>15 years (A)</p> Signup and view all the answers

    What is a potential burden the local search aims to identify?

    <p>Local land registrations (D)</p> Signup and view all the answers

    Which aspect is NOT covered by the local authority property search instrument?

    <p>Competition from nearby properties (A)</p> Signup and view all the answers

    What must a buyer's solicitor ensure regarding the charges associated with a property?

    <p>Removal of any existing charges from the land charges register (A)</p> Signup and view all the answers

    Which of the following is a requirement regarding listed buildings?

    <p>Prior approval is needed for demolition, alterations, or extensions (A)</p> Signup and view all the answers

    Which statement about planning agreements is true?

    <p>They inform about potential future developments on the property (B)</p> Signup and view all the answers

    How do preservation orders affect a property?

    <p>They protect specific trees, impacting land use (B)</p> Signup and view all the answers

    Which of the following is a standard enquiry included in the local authority property search?

    <p>Road adoption status by the local authority (A)</p> Signup and view all the answers

    What is one of the optional searches that may incur additional fees?

    <p>Private road proposals impacting the property (C)</p> Signup and view all the answers

    Which of the following correctly describes the purpose of the local authority property search instrument?

    <p>It clarifies obligations, fees, and limitations for sellers and buyers (B)</p> Signup and view all the answers

    What type of property-related issue would the local authority instrument NOT provide information about?

    <p>The architectural design of neighboring buildings (C)</p> Signup and view all the answers

    Which of the following statements regarding fees is accurate?

    <p>Improvement grants may not appear if they are minor (D)</p> Signup and view all the answers

    What is the primary focus of an environmental search conducted by a buyer's solicitor?

    <p>To investigate the potential for contamination and clean-up costs. (A)</p> Signup and view all the answers

    What specific action must a seller take according to the Town and Country Planning Act 1990?

    <p>Obtain planning permission before any land development. (A)</p> Signup and view all the answers

    Which of the following searches is relevant when the seller of a property is a company?

    <p>Company liquidation search. (A)</p> Signup and view all the answers

    In property searches, what aspect does the common land restrictions search primarily address?

    <p>Accessibility and development rights of common land. (D)</p> Signup and view all the answers

    What should a buyer's solicitor check regarding a property that is stated as unregistered?

    <p>Check the index map for registration status. (D)</p> Signup and view all the answers

    What is the purpose of a bankruptcy search when a buyer is obtaining a mortgage?

    <p>To identify any existing or pending bankruptcy orders against the buyer. (C)</p> Signup and view all the answers

    What information is typically assessed in a Commercial Property Standard Enquiry?

    <p>Boundaries, condition, fire safety, and planning regulations. (A)</p> Signup and view all the answers

    Why is visiting the property important during the purchasing process?

    <p>To check for rights-of-way or occupants and assess physical condition. (A)</p> Signup and view all the answers

    Which of the following is NOT a typical area of concern for a buyer's solicitor when purchasing property?

    <p>Checking the seller's personal reference. (C)</p> Signup and view all the answers

    What is the main role of local authorities under planning law?

    <p>To impose restrictions on uncontrolled property development. (B)</p> Signup and view all the answers

    Study Notes

    Investigating Title (Stage 2)

    • The buyer's solicitor checks the title number matches the contract
    • They look for encumbrances (e.g., legal limitations on the property)
    • For unregistered titles, the solicitor checks if the property was registered by 1 December 1990
    • If a defect in title is identified, the best way to resolve it is to enter it into a deed of variation.
    • If the title is not possible, a indemnity insurance may be purchased

    Buyer's Pre-Contract Searches

    • The buyer's solicitor conducts a local search.
    • The search form asks about registrations made against the property by the local authority.
    • A good root of title goes back at least 15 years.
    • It includes a description of the legal and equitable interests
    • The search form also checks for matters impacting the property, e.g., planning regulations, boundaries, condition etc.

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    Description

    This quiz covers essential aspects of real estate law, including the requirements for checking title validity by a buyer's solicitor and the importance of pre-contract searches. Key concepts such as encumbrances, root of title, and resolution of title defects are also explored. Test your understanding of legal procedures in property transactions.

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