Flying Freeholds
Quiz
•
Other
•
Professional Development
•
Practice Problem
•
Easy
James Coupland
Used 1+ times
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7 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
When acting for a buyer how would you identify if the property is affected by a Flying Freehold? Select all that apply
Covenants in the Title
Title Plan
SPIF
Contract
Google Earth & Sales Particulars
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Creeping Freehold?
When the owner of the property is acting suspiciously
When part of the property overhangs someone else's land
If part of your property has an area overhung by your neighbours property e.g. a cellar
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the main concerns with flying freeholds?
If the neighbour fails to repair the flying freehold you may not have adequate rights to do so
You need to share a passageway with your neighbour
Some mortgage lenders will not lend on them
Bins get left in the passageway and look untidy
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What covenants should be contained in the Title in respect of the flying freehold. Select all that apply
Right of overhang
Right of support
Right of protection
Access for maintenance
Covenants for maintenance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When reviewing the example covenants in the Official Copies, please confirm if all required rights are contained in respect of the flying freehold
Yes
No
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does flying freehold indemnity insurance cover?
General maintenance
Repair issues on the clients property
If the neighbouring property owner fails to maintain the flying freehold
any existing loss or damage revealed in a survey
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What do mortgage lenders want to know about flying freeholds? Select all that apply
Does the Title have adequate rights?
Is the Title to the property Good and Marketable
Lender requires a Plan showing the extent of the flying freehold
The are no obstructions in the passageway
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