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Summary

Summary SQE2 Property Practice Notes

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The notes are prepared by a candidate of the first-ever SQE2 sitting back in April 2022. She passed the exam with 81/100, using these notes together with the revision materials from the training provider. The notes on property practice have 18 pages in total. Disclaimer: 1. The knowledge c...

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  • October 17, 2022
  • 18
  • 2022/2023
  • Summary
avatar-seller
【是相遇啊-备考 SQE2 学科笔记】



PROPERTY PRACTICE

Contents


Stages of Conveyancing..................................................................................................................... 5


1. Preliminary issues................................................................................................................................ 5


a) Energy Performance Certificate.................................................................................................... 5


b) Instruction of the client -- Interview template............................................................................... 5


c) Financing....................................................................................................................................... 5

2. Pre-contract Search............................................................................................................................. 5

a) Survey............................................................................................................................................5


b) Searches.........................................................................................................................................6


c) Change to the property.................................................................................................................. 7


d) Title Investigation......................................................................................................................... 7


3. Title report by the buyer’s solicitor..................................................................................................11


4. Contract prepared by the seller’s solicitor...................................................................................... 11


a) The Standard Condition of Sale.................................................................................................. 11


b) The Standard Commercial Property Condition........................................................................... 11


c) Drafting tips.................................................................................................................................11


5. Exchange of Contract........................................................................................................................ 11


a) A: Seller holds 2 copies of the contract.......................................................................................12


b) B: Seller holds 1 and buyer holds 1.............................................................................................12


c) C: used in the chain of transactions............................................................................................. 12


6. Deed..................................................................................................................................................... 12




1

, 【是相遇啊-备考 SQE2 学科笔记】



a) TP1 (part).....................................................................................................................................12


b) TR1 (whole):............................................................................................................................... 12


c) Drafting tips.................................................................................................................................12


7. Pre-completion search....................................................................................................................... 12


8. Post-completion.................................................................................................................................. 13


a) Seller:...........................................................................................................................................13


b) Buyer:.......................................................................................................................................... 13


Leases.................................................................................................................................................... 14


1. Terminology........................................................................................................................................14


a) Grant vs. Assign.......................................................................................................................... 14


b) Old leases vs. New leases............................................................................................................14


2. Registration.........................................................................................................................................14


3. Landlord and tenants Disputes.........................................................................................................14


Interview Template............................................................................................................................. 16


Professional Conduct and Ethics................................................................................................... 18


1. Conflicts of interests...........................................................................................................................18


(1) Substantially common interests; or............................................................................................ 19


(2) Competing for the same object.................................................................................................. 19


2. Undertaking........................................................................................................................................19




2

, 【是相遇啊-备考 SQE2 学科笔记】



Stages of Conveyancing

1. Preliminary issues
a) Energy Performance Certificate
b) Instruction of the client -- Interview template
c) Financing




2. Pre-contract Search
a) Survey
i. “Caveat Emptor ” Let the buyer bewar e -- buyer’s duty to check
the physical state of the property

ii. Types of sur vey:
1 Mortgage valuation (no mention of physical state)
2 Home Survey
 Level 1 (Condition Report) -- basic accompaniment to Mortgage
valuation (no valuation), basic overview of the property’s
condition and significant problems
 Level 2 (Homebuyer’s Report) -- no inspection on unexposed or
inaccessible areas (roof space and below floorboards)
 Level 3 (Full Structural Survey) -- supposed to reveal the true
stage and condition of the property -- suitable for old/rundown

3

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