Restrictions and Notices

Quiz
•
Other
•
1st Grade
•
Hard
James Coupland
Used 8+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the RXC form?
Used to add a Restriction to the Title
Provides consent or certificate to comply with a Restriction
Application to disapply or modify a Restriction
Used to register a Home Rights Notice on the property
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Purpose of a Restriction on the Title?
It tells you who owns the property
Restricts what the seller is allowed to do to the property
A restriction is used to protect third party interests which restricts dispositions of land
Restricts the number of properties you can own
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the #1 reason why registrations are delayed?
Consent and Certificates required by Restrictions
Discharge of Mortgages
Discrepancy in names, variations between documents lodged
Execution of Deeds
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
You see this Restriction on the Title. There are two people on the Title but one has died. How would you proceed?
Need a certified Death Certificate for the deceased proprietor
An additional Trustee will need to sign the TR1
We need to add the Trustee to the Contract
We need ID and ID1 form from the Trustee no more than 3 months old
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
On a Sale File how would you resolve this Restriction?
The conveyancer has to certify they have received the sellers full identification before proceeding to Exchange of Contracts
The certificate required to comply with the restriction must be signed by a conveyancer in their own name in wet ink
You will also need to submit Form RXC with the certificate to the Land Registry
The certificate must state “I certify”, not “We certify”.
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
How would you resolve the Restriction at B3 of the Proprietorship Register?
Check the Lease to determine what Paragraph 5.11.2.1 relates to
Certificate of Compliance required for Registration
Check the LPE1 for any associated fees
Providing two people are selling this will overreach the Restriction
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What form is used to Register a Restriction on the Title?
RX1
RX2
RX3
RX4
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