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Basic Land Law > Dealing With Interests In Land > Flashcards

Dealing With Interests In Land Flashcards

1
Q

What are the 2 main security instruments provided by LTA?

A

Mortgage

Charge

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2
Q

How many months in advance must mortgagee give to mortgagor before taking possession?

A

1 month

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3
Q

How many types of mortgages are there?

A

2

Floating and Fixed

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4
Q

How many types of floating mortgages are there?

A

4

Prime rate

Broad rate

SIBOR administered by Association of banks in singapore

SOR USD To SGD

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5
Q

For gift of property, what must be entered between the transferor and transferee?

A

Deed of gifts

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6
Q

How many years, from the date of the relevant bankruptcy application, would the gift be voidable?

A

5 years

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7
Q

How are trust created?

A

Express intention through inter vios trust

Will of the testator

Operation of law : Implied trust
Law would determine the money stole from A to buy an apartment and give the rights of apartment to A

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8
Q

What are the 2 conditions for one to make a will?

A

At least 21 years of age

Sound mind

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9
Q

What are the qualities of executor or trustee?

A

At least 21 years of age

Cannot be undischarged bankrupt

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10
Q

What cannot be included in will?

A

CPF monies, insurance policies, joint assets

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11
Q

For testate cases, what is issued by court?

For intestate cases, what is issued by court

A

Grant of probate

Letter of administration

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12
Q

What is Muslim intestate law?

A

Faraid

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13
Q

How many types of possible deductions are there under faraid?

A

6

Gifts - hibah

Joint matrimonial asset

Vows- nazar

Debts to person

Funeral expenses

Debts to Allah(SAW)

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14
Q

Under Muslim Law, what is the maximum one can will away after dedecutions?

A

1/3

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15
Q

What are the 2 forms of co-ownership in singapore?

A

Joint tenancy

Tenancy in common

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16
Q

For joint tenancy, does right of survivorship effects?

A

Yes

17
Q

By joint tenancy, how many unites are there?

A

4

Unity of Possession–Co share

Unity of Interest - Co interest

Unity of title–constitute a single tenant

Unity of time-

18
Q

Ways to terminate or change the Joint tenancy agreement?

A

3

By alienation

By partitioning through mutual agreement
Court case Implications, voluntary split

By partitioning via court order
Divorce case- court splits proceedings of home

19
Q

What is the minimum age for one to sign a lease not exceeding 3 years?

A

18

20
Q

Can ur donee still be ur LPA if discharged bankrupt?

A

No

21
Q

After divorce, can ur ex spouse still be ur LPA?

A

No

22
Q

Can societies hold land?

A

No.. Only trough trustee

23
Q

How many trustee minimally should there be for societies?

A

2 trustee, no more than 4

If one, it must be a trustee corporation

24
Q

What are properties foreigner (PR included(+) can buy?

A

Apartments

Condo

Shop houses commercial

Hotels

Industrial and commercial properties

EC, HDB, HDB shops (PR)

Strata landed in condo

leasehold estate in landed residential properties not exceeding 7, years, including OTRenew

25
Q

Validity of LDAU approval?

A

6 months from date of approval

26
Q

Is there extension for LDAU approval?

A

No

27
Q

Processing time for LDAU application?

A

20 working days

28
Q

Restriction on property foreigner can buy?

A

1) land area of property not exceeding 1393.5sqm or 15000 sqft
2) not situated in GCB areas

29
Q

Conditions of approval for foreigners to buy?

A

1) solely for own occupation and not any form. Of rental

2) shall not dispose within 5 years from date of legal completion of purchase OR
5 years from date of issue of TOL /Certificate. Of statutory completion (whichever is earlier)

3) no subdivision of property without approval

30
Q

Can foreigner buy vacant land?

A

Yes. Where approval is granted, require to complete construction within 3 years from date of letter conveying decision.

31
Q

Requirement to buy another restricted properties for foreigner?

A

Following conditions.

1) fulfil 5 year non disposal of property
2) if new property is under construction, within 3 months after TOL or Certificate of statutory completion is issued, whichever is earlier
3) if it’s ready property, to dispose within 3 months after vacant possession even if title is not ready

32
Q

Restriction for foreigners at sentosa cove

A

Land area of property not exceeding :

1672.3 sq m or 18000sq ft

33
Q

Penalties for foreigner who breach condition at sentosa cove?

A

200, 000 fine and /or imprisonment up to 3 years

Basic Land Law (15 decks)

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