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Examen

LPC MOCK ASSESSMENT QUESTIONS

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Subido en
16-03-2021
Escrito en
2020/2021

LPC MOCK ASSESSMENT QUESTIONS

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LPC MOCK ASSESSMENT




Real Estate




Although the mock examinations should alert you to the overall transactional style of the
questions in the LPC exams and the level of detail required to answer them
successfully, the form of each mock and the subject content is indicative only. The
material included in this mock examination, its style of questions and enclosures are for
general information only and should not be regarded either as a steer towards any
particular area of the syllabus or an absolute indication of the format, accompanying
documentation or style of the final examination. You should not assume that particular
subject areas covered or the weighting given to them in this mock examination will or
will not be replicated or followed in the final examination.

,[INTENTIONALLY BLANK]

,Mock Examination (Open Book)
Real Estate

TIME ALLOWED: 1 HOUR 45 MINUTES




There are 50 marks available for this examination. It has two parts:

Part 1 Multiple Choice Questions (MCQs) (10 marks).
For each MCQ there are FOUR possible answers of which only
ONE is the appropriate answer.

Part 2 Questions Requiring Written Answer (40 marks).




INSTRUCTIONS TO CANDIDATES

 Complete your MCQ answers on ELITE
 Write your answers to Part 2 in a word document.
 Insert your name and the name of your class in the header of your
document. Do not write your candidate number.
 Record all your answers on ELITE for Part 1 and in your answer
document for Part 2, NOT on this question paper.

YOU MUST ATTEMPT ALL QUESTIONS




This is an open book assessment. Staff cannot comment on the content of
this mock exam. If you are uncertain about something then you should
answer as you see fit.




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,PART I MULTIPLE CHOICE QUESTIONS (10 MARKS)

Each of the FIVE multiple choice questions in Part 1 is worth two marks.

Record your answers to the Multiple Choice Questions by typing your answer
on your answer document.


QUESTION 1

You act for Tenby plc on the purchase of an office building, Gower House, Pembroke
(“the Property”). You have received official copies of the title and have discovered
the following entry on the Proprietorship Register:

“The transfer to the proprietor contains a covenant to observe and perform the
covenants referred to in the Charges Register and of indemnity in respect thereof.”

Which ONE of the following statements is CORRECT?

A The buyer will be required to give a similar covenant to the seller in the transfer
and will only be liable for future breaches of any restrictive covenants on the
Charges Register.

B The buyer will be required to give a similar covenant to the seller in the transfer
and will only be liable for future breaches of any positive covenants on the
Charges Register.

C The buyer will be required to give a similar covenant to the seller in the transfer
and will be liable for future breaches of any restrictive and positive covenants on
the Charges Register.

D The buyer will be required to give a similar covenant to the seller in the transfer
and will need to obtain restrictive covenant indemnity insurance in respect of the
covenants on the Charges Register.




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,QUESTION 2

You act for the prospective buyer of a registered freehold property in Leeds. Your
client intends to block up the existing gated vehicle entrance in the western wall of
the property once completion has taken place.


You have received the official copies and there is, in the charges register, an
entry recording an obligation in a 1967 conveyance on the part of the buyer of the
property “to erect and thereafter maintain a wall (with a gate not less than six but not
more than eight feet wide) such wall to be not less than 4 feet high along the
western boundary of the property hereby conveyed”.


There are no entries in the other registers except for a description of the property
and details of the seller as registered proprietor, the seller having purchased and
been registered as the proprietor of the property in 2001.


Which ONE of the following statements is CORRECT?

A It will not be possible to block up the gated vehicle entrance as there is an
easement preventing this on the title.

B If there is no indemnity chain in place your client can block up the gated vehicle
entrance without fear of the consequences.

C According to the title there is an indemnity chain in place.

D Your client could be liable for breach of the obligation in the 1967 conveyance if
he blocks up the gated vehicle entrance because the burden of the
obligation runs with the land.




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, QUESTION 3

You are acting for Sanjay Restaurants Limited (“Sanjay”) which is buying a disused
mill which it wants to convert into a restaurant. There is a covenant in the charges
register of the title of the property as follows:

“The Purchaser with the intent and so as to bind the Property hereby conveyed into
whosoever hands the same may come and to benefit and protect the Vendor’s
Retained Land hereby covenants with the Vendor not to use the Property other than
as a mill.”

You advise Sanjay of the effect of this covenant given his proposed use of the
property.

Which ONE of the following statements is CORRECT?

A Sanjay will only be bound by the covenant if it gives an indemnity covenant to
the seller.

B Sanjay will not be bound by this covenant as the burden does not pass.

C Sanjay’s plans for the property will not be in breach of this covenant.

D Sanjay should consider obtaining consent from the owner of the land with the
benefit of the covenant or obtaining insurance.



QUESTION 4

You act for Stamford Sports (Retail) Limited (“Stamford”). Stamford is looking to buy
a site and construct on it a new sports retail store. It has found a potential site, 98-
104 Craven Hill, Darwen (“the Property”). The Property is the site of a derelict former
cotton mill and Stamford is concerned that the Property might be polluted. The seller
has said that it is not aware of any contamination, but that Stamford should rely on its
own searches and enquiries.

Which ONE of the following statements is CORRECT?

A If the Property is contaminated due to pollution caused by processes
undertaken at the former cotton mill, liability for cleaning up this contamination
may fall on Stamford.

B If you commission a desktop environmental study, the results of this will always
provide conclusive evidence as to whether or not the Property is contaminated.

C If you make a local search, the results of this will always provide conclusive
evidence as to whether or not the Property is contaminated.

D If the Property is contaminated, Stamford will not be able to obtain planning
permission for its proposed retail store.

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Subido en
16 de marzo de 2021
Número de páginas
13
Escrito en
2020/2021
Tipo
Examen
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