Flying Freeholds

Flying Freeholds

Professional Development

7 Qs

quiz-placeholder

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Flying Freeholds

Flying Freeholds

Assessment

Quiz

Other

Professional Development

Easy

Created by

James Coupland

Used 1+ times

FREE Resource

7 questions

Show all answers

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

Media Image

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