SQE1 FLK2: Property Practice

This class was created by Brainscape user Elysia B. Visit their profile to learn more about the creator.

Decks in this class (31)

Investigation of a registered and unregistered freehold title
What happens when a buyer finds a...,
What does subject to contract mea...,
What are the initial steps taken ...
30  cards
Pre-contract searches
Why is a breach of planning contr...,
What should be done if a breach o...,
What are the risks of no building...
28  cards
Law society conveyancing protocol
What is the law society conveyanc...,
Who must follow the conveyancing ...,
To what types of transactions doe...
8  cards
Finance
What are common sources of purcha...,
What must a solicitor do regardin...,
What is a repayment mortgage 3
9  cards
Acting for a lender
What kind of title must be provid...,
What must search results show to ...,
What formalities are required for...
15  cards
Prep for exchange of contracts: Conditions
What is the effect of scs 611 reg...,
When must completion take place u...,
When does risk pass to the buyer ...
19  cards
Prep for exchange of contracts: Insurance and risk
When does risk pass to the buyer ...,
What should the buyer do once con...,
Does the seller have to insure th...
6  cards
Prep for exchange of contracts: VAT
Is vat usually chargeable in resi...,
What does standard condition 14 s...,
Can the seller add vat after exch...
9  cards
Prep for exchange of contracts: Method and consequences
What is exchange of contracts in ...,
What are the requirements for val...,
When is law society formula a used 3
10  cards
Pre-completion
What is the buyer s solicitor res...,
What should the buyer s solicitor...,
What must the buyer s solicitor d...
38  cards
Completion and post-completion steps
What is the most common method of...,
Who sends the purchase funds to t...,
By what time must funds arrive fo...
23  cards
Remedies for delayed completion
What are common law damages 1,
When do common law damages apply 2,
Can common law damages be claimed...
25  cards
Capital gains tax
What is capital gains tax cgt 1,
What counts as a disposal for cgt...,
How is capital gain calculated fo...
18  cards
Value Added Tax (VAT)
What is the basis of vat in prope...,
Are most property transactions su...,
What constitutes a taxable supply...
12  cards
Stamp Duty Land Tax
What legislation governs sdlt in ...,
What legislation governs ltt in w...,
Who pays sdlt or ltt 3
17  cards
Planning Law
What is the statutory definition ...,
What matters do not constitute de...,
What is permitted development 3
18  cards
Steps for granting a lease or underlease
What document effects the transfe...,
How is the lease typically execut...,
When must a lease be executed as ...
23  cards
Structure and content of a lease: FRI leases
What does fri lease stand for in ...,
Why are fri leases attractive to ...,
What is the tenant s repairing ob...
11  cards
Structure and content of a lease: Insurance
Who typically insures the buildin...,
Why is landlord insurance preferr...,
What are the landlord s insurance...
11  cards
Structure and content of a lease: Alterations
Why do tenants seek alteration ri...,
Why do landlords restrict alterat...,
What are structural and external ...
17  cards
Structure and content of a lease: User and planning
What is the purpose of a user cla...,
Give an example of a user clause 2,
What is the impact of a narrow us...
7  cards
Structure and content of a lease: Rent
When is vat chargeable on rent 1,
What must the lease specify regar...,
Can rent change during the lease ...
11  cards
Structure and content of a lease: Alienation
What is alienation in the context...,
What is an assignment 2,
What is underletting 3
15  cards
Structure and content of a lease: Lease terms
What is a fixed term lease 1,
Does a fixed term lease require n...,
What is a periodic tenancy 3
9  cards
Structure and content of a lease: Code for leasing business premises
What is the rics code for leasing...,
What did the 2020 rics code repla...,
Is compliance with the rics code ...
6  cards
Leasehold covenants
What legal principles govern leas...,
Is the original tenant liable aft...,
Can intermediate tenants be liabl...
19  cards
Termination of a lease
What does effluxion of time mean ...,
Is notice required when a lease e...,
What must a tenant do when the le...
21  cards
Licence to assign/ underlet
What is the purpose of a licence ...,
What risks does a tenant face wit...,
Who typically prepares the licenc...
18  cards
Assignment of a lease
What documents must be provided f...,
Is freehold title deduction requi...,
What is a registered lease with g...
26  cards
Security of tenure under a business lease
What does part ii of the landlord...,
What conditions must be met for a...,
Are short term tenancies excluded...
36  cards
Lease remedies
What is a jervis v harris clause 1,
When does a jervis v harris claus...,
What actions must a lease authori...
59  cards

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SQE1 FLK2: Property Practice

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