Chapter 16 Multiple choice questions

Leaseholds

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You act for a buyer of a new leasehold flat in a large block of flats in Birmingham with the aid of a NatWest mortgage. You are approving the draft lease terms. Which of the following lease covenants and provisions would you not accept?

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Your clients Grand Standard Estates Limited intend to sell the freehold reversion of a block of residential flats in Newcastle. All 25 flats in the block are let on 99-year leases that were sold off last year. A willing buyer has offered the asking price and is anxious to complete immediately. How would you advise your client to proceed?

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You act for the seller of a residential leasehold flat in Swindon. It is a 99-year lease with 80 years unexpired and is registered with absolute title. Which of the following documents will you not normally send to the buyer's practitioner at the start of the transaction?

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