Assessment objectives

Candidates are required to apply relevant core legal principles and rules appropriately and effectively, at the level of a competent newly qualified solicitor in practice, to realistic client-based and ethical problems and situations in the following areas:-

• The key elements of a freehold and/or leasehold residential or commercial property transaction
• investigation of a registered or an unregistered freehold and/or leasehold title
• pre-contract searches and enquiries undertaken when acquiring a frrehold and/or leasehold property
• steps in progressing a freehold and/or leasehold property transaction to exchange of contracts
• pre-completion steps relevant to a freehold and/or leasehold property transaction
• completion and post-completion steps relevant to a freehold and/or leasehold property transaction including remedies for delayed completion
• the grant and the assignment of a commercial lease and/or underlease
• the key lease covenants in a commercial lease and the law relating to their breach
• security of tenure under the Landlord and Tenants Act 1954 Part II.
• Taxation of property transactions through Stamp Duty Land Tax, Land Transaction Tax, Value Added Tax and Capital Gains Tax.

Candidates must demonstrate their ability to act honestly and with integrity and in accordance with the SOSC, the SRA Principles and the Code of Conduct.

Questions may draw on any combination of the subject areas within this FLK assessment 2 which might be encountered in practice.

For further details send an email to info@britishlawacademy.com or fill in this form https://forms.gle/aB1tqa23ihpXCHxy8.