Right to Buy

What form will the client receive from the Council to confirm their RTB application has been accepted?

• S38 Agreement

• S106 Agreement

• S125 Notice

• S105 Agreement

How long do you have to complete upon receipt of the Section 125 Notice?

• 3 months

• 3 weeks

• 6 weeks

• 1 month

When would completion usually take place on Right to Buy properties?

• Friday

• Tuesday

• Thursday

• Monday

What documents must the Council have in their possession prior to completion

• Engrossed Lease/TP1 signed by the buyer

• Clear Bankruptcy Searches on all buyers

• Signed Contract from the buyer

• Confirmation all rent has been paid up to the day of completion

Following the Housing Act 2004, how long must you own the property before the RTB discount expires

• 3 years

• 2 years

• 5 years

• 10 years

After purchasing a Right to Buy property how long after owning the property does the Council's Pre-emption right take to expire?

• 3 years

• 5 years

• 10 years

• 2 years

Which of the below documents would you expect to find with a Registered Right to Buy Title Check?

• TP1 or Lease

• Official Copies

• Contract

• Sellers Property Information Form and Fixture and Fittings From

• Section 125 Notice

How is Stamp Duty calculated on RTB properties?

• On the market value of the property

• On the figure inserted in to the TP1 or Lease

• On the amount of Discount you receive

What does a S125 contain?

• Description of the property being purchased

• Price you should pay

• Any structural defects with the property

• Landlords right of First Refusal

• The amount of discount you are receiving