SQE Property Law and Practice 2

Question 1

Which form is used to grant a new lease of a registered title?

Accepted Answer

LR1

Answer

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?

Accepted Answer

3 years

Answer

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?

Accepted Answer

Duty to report on title

Answer

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?

Accepted Answer

The Law Society Conveyancing Protocol

Answer

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?

Accepted Answer

An interest binding on a purchaser without appearing on the register

Answer

Overriding interests bind a registered proprietor even though they are not entered on the register, as listed in Schedule 3 LRA 2002.

SQE - Solicitors Qualifying Examination Practice Test