property practice drafting

Question 1

freehold land certificate of title

Question 2

contract for the sale of land incorporating either the standard conditions or the special conditions

Answer 2

a) specific encumbrances - insert the rights that will continue to bind the buyer.

b) contract rate - the law society’s interest rate in force from time to time

c) contents price - the value of anything being sold with the property

d) balance - purchase price less deposit + contents price

e) buyer and seller - name and addresses of the parties

f) at the end of the first page - the seller will sell and the buyer will buy the property for the purchase price

Question 3

indemnity covenant

Answer 3

1. (by way of indemnity only) observe and perform the covenants referred to (cite entry of charges register) (“the covenants”) so far as they are subsisting and capable of taking effect; and
2. indemnify the transferor against any liability incurred for any breach or non-observance of the Covenants occurring after the date of this transfer.

Question 4

transfer document TR1

Question 5

LEASE repair clause

Question 6

lease insurance clause

Question 7

user planning

Answer 7

r

Question 8

rent and rent review

Question 9

alienation

Question 10

s146 LPA notice

Question 11

s26 LTA 1954 request

Answer 11

u

Question 12

undertaking

Answer 12

Dear X,

Costs undertaking in respect of e.g. licence to assign the lease between )(parties).

We act for X in connection with X

we undertake to

yours faithfully/sincerely