Leasing and letting L1 Flashcards

1
Q

Tell me about your understanding of legislation relevant to your leasing and letting practice?

A

x

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2
Q

Tell me about your understanding of the Estate Agents Act 1979.

A

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3
Q

What are the 6 key principles of the Estate Agents Act 1979?

A

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4
Q

How does Section 18 relate to your letting practice?

A

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5
Q

What are the four agency bases?

A

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6
Q

What are the differences between the four agency bases?

A

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7
Q

What is a ready, willing and able purchaser?

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8
Q

How does Section 21 relate to your letting practice?

A

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9
Q

Tell me about key points of the Consumer Protection / Business
Protection Regulations.

A

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10
Q

What is an average consumer/material information?

A

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11
Q

How does the Misrepresentation Act 1967 relate to your agency
practice?

A

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12
Q

What does the Unfair Contract Terms Act 1977 say?

A

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13
Q

Do you need to inform your client if you offer a service to a prospective tenant?

A

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14
Q

Tell me about your understanding of the Code for Leasing Business Premises in England & Wales.

A

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15
Q

Explain what alienation is.

A

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16
Q

What happens if there is no alienation clause in a lease?

A

x

17
Q

What is subletting?

A

x

18
Q

What is assignment?

A

x

19
Q

Explain your understanding of the Landlord & Tenant (Covenants)
Act 1995 and how it affects your leasing work.

A

x

20
Q

What does S19 1a of the Landlord & Tenant (Covenants) Act say?

A

x

21
Q

What is an Authorised Guarantee Agreement and when might one
be given?

A

x

22
Q

Can a tenant assign a lease to it’s guarantor?

A

x

23
Q

What is a pre-letting?

A

x

24
Q

What is an Agreement for Lease?

A

x

25
Q

What is a collateral warranty?

A

x

26
Q

Tell me about the planning considerations you are aware of if you want to install a marketing board.

A

x

27
Q

Tell me about the requirement surrounding letting property and EPCs.

A

x

28
Q

What buildings are exempt from having an EPC?

A

x

29
Q

Where does the EPC have to be shown?

A

x

30
Q

Tell me about how MEES affects your leasing practice.

A

x

31
Q

What would you do if you were asked to let an F or G rated property?

A

x

32
Q

How can you improve an EPC rating?

A

x

33
Q

How does VAT affect lettings?

A

x

34
Q

What type of operator might be affected by a rent which is subject to VAT?

A

x

35
Q

Talk me through your understanding of contracting out a lease, why it might be done and how you do so.

A

x

36
Q

What health checks apply to contracting out?

A

x

37
Q

When did contracting out procedures last change?

A

x