SQE2 Property Law Practice 1

Question 1

In a residential conveyancing transaction, exchange of contracts makes the agreement:

Accepted Answer

Binding and enforceable on both parties

Answer

Voidable at either party's option

Answer

Conditional on mortgage approval

Answer

Subject to survey findings

Question 2

A freehold title in England & Wales must be registered at HM Land Registry:

Accepted Answer

On any qualifying trigger including first sale, mortgage, gift or assent

Answer

Only on sale

Answer

Every 10 years

Answer

Only when the property is sold for more than £125,000

Question 3

The concept of 'vacant possession' in a property sale means:

Accepted Answer

The property will be free of occupants and their belongings on completion

Answer

The property has no mortgage

Answer

The seller has good and marketable title

Answer

No planning restrictions affect the property

Question 4

A restrictive covenant running with the land can be enforced against a successor in title if:

Accepted Answer

Both the benefit and burden have passed to the respective successors in title

Answer

The covenant was given for valuable consideration only

Answer

The original covenantor is still alive

Answer

The property is unregistered

Question 5

In leasehold property, a 'ground rent review' that could result in rent doubling every 10 years would now be affected by:

Accepted Answer

The Leasehold Reform (Ground Rent) Act 2022

Answer

The Leasehold Reform Act 1967

Answer

The Housing Act 1988

Answer

The Commonhold and Leasehold Reform Act 2002

Question 6

The priority of legal mortgages over unregistered equitable interests in registered land is governed by:

Accepted Answer

Date of registration at HM Land Registry

Answer

Date of creation

Answer

Priority notice lodged at Land Registry

Answer

Actual occupation under Schedule 3 LRA 2002