Pre-contract Enquiries Flashcards

1
Q

When is CPSE1 required?

A

Commercial property transaction

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2
Q

When is CPSE2 required?

A

When property is subject to commercial tenancies - eg lease/ purchase of part

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3
Q

When is CPSE3 required?

A

Grant of new lease (eg when acting for tenant on an industrial estate)

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4
Q

What is covered in CPSE1?

A
  • Responsibility for boundaries and their extent
  • rights benefiting and burdening property
  • access to property
  • physical condition
  • contents
  • utilities and services
  • planning and building regulations
  • occupiers and employees
  • noticed and disputes
  • VAT treatment
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5
Q

Where to check VAT treatment on a commercial property?

A

CPSE1

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6
Q

Where to check rights benefiting and burdening commercial property?

A

Official copies
CPSE1

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7
Q

Form used for pre-contract enquiries in residential transaction?

A

TA6 - property information form
TA10 - fittings and contents
TA7 - leasehold information form
TA8 - new home information form

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8
Q

Form used for pre-contract enquiries for purchase of new home?

A

TA8 - new home information form

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9
Q

Does ‘not so far as seller is aware’ in response to pre-contract enquiries absolve seller of liability?

A

Not if answer should have been ‘yes’

  • implies seller has conducted all reasonable investigations and has no knowledge of defect
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10
Q

When are damages available for incorrect responses to pre-contract enquiries?

A

Only where there is a ‘material difference between representation and actual description or value of property’

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