ACCURATE SOLUTIONS
Which tax is not likely to be payable? - ✅✅✅CORRECT -CGT on her property at 19 New Road as likely
to be exemption as owner-occupier
If Mrs Richardson decides to instruct your firm and you arrange an initial meeting with her, what
information would it be good practice to provide? - ✅✅✅CORRECT -A quote of your fees
Standard Condition 2.2 - ✅✅✅CORRECT -Deposit is 10% unless seller agrees to a reduced amount
Standard Condition 3.1.2 - ✅✅✅CORRECT -The Incrumbrances to which the property in sold are:
(a) those subject in the contract
(b) those discoverable by inspection of the property before the date of the contract
(c) those the seller does not and could not reasonable know
Standard Conditions 5.1 - ✅✅✅CORRECT -Insurance - seller not required to keep property insured
Standard Conditions 4.6.4 - ✅✅✅CORRECT -requires an indemnity covenant to be given by the
buyer but there has been a breach of covenant and the buyer should require the standard conditions to
be removed and should press for an indemnity covenant by the seller
Standard Conditions 8.1 - ✅✅✅CORRECT -relates to existing leaseholds and does not require the
epitome relating to the freehold to be produced
When should deduction and investigation of title take place? - ✅✅✅CORRECT -After taking initial
instructions but before exchange of contracts
Which standard condition of sale (5th edition) lays down time limits for deducing title and raising
requisitions? - ✅✅✅CORRECT -SC 4.3.1
, How long should the buyer's solicitor insist that the seller's solicitor deduces title in relation to
unregistered land? - ✅✅✅CORRECT -15 years
Which is best document to use as a root for the deduction of title to unregistered land? -
✅✅✅CORRECT -Conveyance on sale
Which of the following documents should be included in the abstract or epitome? - ✅✅✅CORRECT
-- Power of Attorney under which a document has been executed
- Conveyance on sale dated after the root of title
- Discharge of Legal Mortgage
How old does the 2011 Protocol state that official copies should be when providing copies to the buyer's
solicitors? - ✅✅✅CORRECT -No more than 6 months old
"Copies of all covenants, easements and other adverse interests should be supplied even if they pre-date
the root of title" - ✅✅✅CORRECT -True
"When acting for a seller in a sale by the mortgagee, you will not need to ensure that the power of sale
exists." - ✅✅✅CORRECT -False
You are acting on behalf of the buyer in the purchase of a property from personal representatives. You
have not yet had sight of a grant of representation. Which of the following statements is the most
accurate? - ✅✅✅CORRECT -Do not complete the purchase until the grant has been seen or a
certified copy has been issued and received ensuring all proving personal representatives have executed
the purchase deed
Since October 2007 it is no longer possible to create which Power of Attorney? - ✅✅✅CORRECT -
Security
You are acting on behalf of the buyer purchasing land being disposed of by a charity (exempt for the
Charities Act 2011). Which of the following statement is correct? - ✅✅✅CORRECT -Ask for evidence
that the disposal falls under a exemption and proceed as normal