1/16/25, 8:25 PM PLP LPC Complete Revision Notes 2025 Update |Complete Exam Set Questions And Verified Answers (solutions) | Get It 100…
PLP LPC Complete Revision Notes 2025 Update
|Complete Exam Set Questions And Verified
Answers (solutions) | Get It 100% Accurate!!|
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Terms in this set (65)
Preparation for
completion
Buyer's Solicitor
1. Draft the transfer
- A type of purchase deed (LPA 1925 S. 52, the
Transfer must be in the form of a deed)
- The Transfer - Drafted by Buyer after exchange of contracts and
sends it to Seller's solicitor for approval - [SCPC
6.3.2/SCS 4.3.2]
- TR1, form used for a transfer of the whole of a
- Form used for a transfer registered land.
of the property - TP1, transfer part
- TR5, transfer of a portfolio of registered titles
Q. A.
When should a TR1 be it should be dated as soon as it is signed by the
dated? Transferor/parties
, 1/16/25, 8:25 PM PLP LPC Complete Revision Notes 2025 Update |Complete Exam Set Questions And Verified Answers (solutions) | Get It 100…
For either registered/unregistered land, if a second
trustee needs to be appointed because the sale is
by a surviving tenant in common, the Land Registry
will expect the following wording to be included in
Panel 11 of TR1:
- Sale by one surviving
tenant in common &
"For the purpose of giving a valid receipt for the
second trustee:
purchase price, [NAME OF SOLE PROPRIETOR]
('Current Trustee') in exercise of the power under s.
36 (6) of the Trustee Act 1925 appoints [NAME OF
ADDITIONAL TRUSTEE] to be a trustee of the
Property with the Current Trustee."
2. Completion
Information and
Undertakings Form
- TA 13 or 'in house' version
- Form requiring information for completion and
- What are they dealing with relevant undertakings required from
the seller's
- Drafted by Buyer's shortly before completion.
- Drafted on their headed paper by Seller
Two element in the undertaking:
1. an undertaking to remit the funds required to
redeem the charge (i.e the figure referred to in the
- Undertaking: lender's redemption statement); and
2. an undertaking to forward the DS1/ED/e-
DS1discharge confirmation within a short, specified
timeframe (typically "forthwith" or "within two
working days of receipt".)
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