Conveyancing Term 1 Recap

Payment of Stamp Duty for the Purchase of a Property must be done within ______________

• 14 days from the Grant of the Option

• 14 days of receiving the AFS/Title Deeds

• 14 days from the Exercise of the Option

• 14 days before Completion

True or False?

When viewing a property, Marcus noticed there was mold growing in the bathroom. He can ask the Vendor if they are willing to rectify it before they he proceeds with the sale. However, the Vendor is not obliged to do so.

• True

• False

Which of the following is not an encumbrance?

• Caveat

• Mortgage

• CPF Charge

• Transfer

Exclusive Possession means:

• The tenant is given the right to enjoy the land without interference.

• The purchaser can exclude trespassers from the property (including the landlord)

• The tenant can maintain a large control over the tenanted area (subject to the landlord's consent)

• The tenant is granted a licence over the property.

A security deposit is ____________

• a way for the landlord to earn more monies from the tenant

• non-refundable as it can be used to pay future rent

• to be held by the landlord up until the end of the 1st year of tenancy

• a personal convenant between landlord and tenant

Which of the following is FALSE?

• A foreigner needs permission to purchase a landed property

• A Singaporean can purchase any HDB flat (subjected to HDB schemes)

• A Singapore PR is not eligible to purchase any HDB flat.

• A foreigner can purchase a HDB shophouse since it is categorized as "commercial"

Which is the order of priority when it comes to the registration of instruments after completion?

• 1. 1. Transfer

  2. 2. Total Discharge of Mortgage

  3. 3. Discharge of Charge

  4. 4. Mortgage

• 1. 1. Mortgage

  2. 2. Discharge of Charge

  3. 3. Total Discharge of Mortgage

  4. 4. Transfer

• 1. 1. Total Discharge of Mortgage

  2. 2. Discharge of Charge

  3. 3. Transfer

  4. 4. Mortgage