Leasing and letting L1 Flashcards
Tell me about your understanding of legislation relevant to your leasing and letting practice?
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Tell me about your understanding of the Estate Agents Act 1979.
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What are the 6 key principles of the Estate Agents Act 1979?
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How does Section 18 relate to your letting practice?
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What are the four agency bases?
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What are the differences between the four agency bases?
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What is a ready, willing and able purchaser?
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How does Section 21 relate to your letting practice?
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Tell me about key points of the Consumer Protection / Business
Protection Regulations.
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What is an average consumer/material information?
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How does the Misrepresentation Act 1967 relate to your agency
practice?
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What does the Unfair Contract Terms Act 1977 say?
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Do you need to inform your client if you offer a service to a prospective tenant?
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Tell me about your understanding of the Code for Leasing Business Premises in England & Wales.
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Explain what alienation is.
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What happens if there is no alienation clause in a lease?
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What is subletting?
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What is assignment?
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Explain your understanding of the Landlord & Tenant (Covenants)
Act 1995 and how it affects your leasing work.
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What does S19 1a of the Landlord & Tenant (Covenants) Act say?
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What is an Authorised Guarantee Agreement and when might one
be given?
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Can a tenant assign a lease to it’s guarantor?
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What is a pre-letting?
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What is an Agreement for Lease?
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What is a collateral warranty?
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Tell me about the planning considerations you are aware of if you want to install a marketing board.
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Tell me about the requirement surrounding letting property and EPCs.
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What buildings are exempt from having an EPC?
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Where does the EPC have to be shown?
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Tell me about how MEES affects your leasing practice.
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What would you do if you were asked to let an F or G rated property?
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How can you improve an EPC rating?
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How does VAT affect lettings?
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What type of operator might be affected by a rent which is subject to VAT?
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Talk me through your understanding of contracting out a lease, why it might be done and how you do so.
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What health checks apply to contracting out?
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When did contracting out procedures last change?
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