Workshop 1 Taking Instructions 2 Title Investigation 3 Taking Instructions/ Title Investigation 2 4 Searches and Enquiries 5 Searches and Real Estate Checklist Outcomes Notes Tasks MCQ Prep MCQ Cons FREEHOLD V Analyse a buyer client's initial instructions and identify and follow up issues arising at the instruction stage. V Identify and resolve issues of professional conduct that may arise when you are instructed on a new commercial property transaction. Ăž Mortgage Fraud = Contract Races = Undertakings V Conduct an investigation of title on behalf of a buyer client to establish ownership and whether the property benefits from or is subject to any rights. V Identify any issues arising from the title investigation and analyse the issues in light of a buyer client's particular circumstances. Conclude when further action needs to be taken in respect of an issue, either by raising further enquiries or by taking steps to protect a buyer client. V Conduct an initial interview with a client in order to take instructions on a property transaction and identify issues arising at the instruction stage. V Investigate title to a freehold registered property on behalf of a buyer client and draft requisitions on title to the seller's solicitor. Report to a buyer client and its lender on title matters using a standard form Certificate of Title. V Explain the range and purpose of pre- contract searches and enquiries commonly undertaken when acquiring property on behalf of a buyer client. V Identify which searches and enquiries are appropriate for different types of property. V Analyse the replies and results of pre- contract searches and enquiries and identify issues that need further investigation. V Advise on the action to be taken in response to the replies and results of the searches and enquiries you have undertaken. V Carry out independent research on matters 1
Workshop Enquiries 2 6 The Contract 7 The Contract 2 8 Completion 9 Completion 2 10 Grant of a Outcomes Notes Tasks MCQ Prep MCQ Cons affecting a real estate client's property portfolio. 1 Identify the appropriate pre-contract searches and enquiries for a property taking into account its particular characteristics and analyse the results and replies. V Report to a buyer client and its lender on the results of the searches and enquiries using a standard form Certificate of Title. V Identify the outstanding issues following on from investigation of title and completion of searches and enquiries. V amendments to a contract drafted by the seller's solicitor, including drafting a special condition. Review and suggest appropriate V Carry out the necessary steps to be able to proceed to exchange of contracts. V Draft a contract on behalf of a seller and amend and approve it on behalf of the buyer. Exchange contracts using the appropriate Law Society formula. V Understand the steps that need to be taken after exchange to lead to a successful completion of a transaction. Advise seller and buyer clients on the consequences of breach of the terms of the contract following