SQE Property Law and Practice 1

Question 1

Which document transfers legal title to registered land in England and Wales?

Accepted Answer

TR1

Answer

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?

Accepted Answer

LLC1 and Con29

Answer

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?

Accepted Answer

2 months

Answer

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?

Accepted Answer

OS1

Answer

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?

Accepted Answer

Restrictive covenant

Answer

Restrictive covenants can run with the land in equity under the rule in Tulk v Moxhay, binding subsequent owners.

SQE - Solicitors Qualifying Examination Practice Test