TRANSFER DEED

Question 1

Who’s duty is it to prepare the transfer?

Answer 1

The Buyer’s

Question 2

By what section may the seller reserve the right by contractual condition to prepare the transfer himself?

Answer 2

Section 48(1) LPA 1925

Question 3

How many does is the buyer allowed to submit the draft transfer to the seller?

Answer 3

At least 12 Working Days before contractual completion date

Question 4

Which Form is used for the transfer of a deed?

Answer 4

TR1 Form

Question 5

Under which section must a transfer be a deed in order to transfer the legal estate in the land to the buyer?

Answer 5

Section 52 LPA 1925

Question 6

What 2 things must the buyer’s solicitor must have drafted when making the transfer?

Answer 6

The Contract and The Official Copy Entries/Unregistered Title Deeds

Question 7

How many days after being served the buyer’s solicitor’s draft documentation must the seller’s solictor respond?

Answer 7

4 Working Days after delivery of transfer deed

Question 8

What are the 3 things a Deed must be to be valid in law?

Answer 8

Indicate it is a Deed + Be Signed by necessary parties in presence of witness + Be delivered

Question 9

Under which Statute must a Deed be delivered?

Answer 9

LPA 1989 - Section 1

Question 10

What is an underlying rule that is required in order to transfer the legal estate?

Answer 10

Signature by the seller is always required

Question 11

Under which Statute and Section is the underlying rule of a seller’s signature required?

Answer 11

LPA 1925 - Section 52