Law society conveyancing protocol Flashcards
(8 cards)
What is the Law Society Conveyancing Protocol?
A standardised procedure for residential conveyancing in England and Wales promoting consistency, efficiency, and cooperation.
Who must follow the Conveyancing Protocol?
Firms accredited under the Conveyancing Quality Scheme (CQS).
To what types of transactions does the Conveyancing Protocol apply?
Freehold and leasehold residential sales and purchases.
Is the Conveyancing Protocol legally binding?
No, but it is part of professional conduct expectations.
What forms are used under the Conveyancing Protocol?
TA6 (Property Information Form), TA10 (Fittings and Contents Form), and TA13 (Completion Information and Undertakings).
What does the Protocol recommend regarding the contract package?
That it is issued early in the transaction.
What does the Protocol recommend for exchanging contracts?
Use of the Law Society Formulae.
Why is the Conveyancing Protocol relevant to exams?
It may be tested in topics like residential conveyancing procedure, client care, and best practice.
