LC3S233 - Property Law and Practice 06 Jul 2023 - 31 Aug 2026 | Version 3
Associated Module Information
| Module Code: | LC3S233 | ||
|---|---|---|---|
| Module Title: | Property Law and Practice | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Law | ||
| Faculty Sub Group: | Law | ||
| Module Leader: | Gemma Sweetman, Leane Barnes | ||
| Module Team: | |||
| First Intended Intake: | SEP 2015 | Final Year of Intake: | |
| Date Closed: | |||
| Credit Value: | 20 | Credit Level: | 6 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100689 - property law | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 3 |
|---|---|
| Valid From | 06 Jul 2023 |
| Valid To | 31 Aug 2026 |
Module Aims
1. The module is designed to enable students to appreciate the nature of, identify and perform the critical steps to a domestic or commercial property transaction and in relation to freehold and leasehold property.
2. Understand and appreciate the requirements of lenders and the need to consider money laundering issues.
3. Understand the relevant tax issues including Stamp Duty Land Tax.
4. Apply that knowledge, in conjunction, where relevant, with the Course Skills and other skills used in this module, in undertaking tasks which would be expected of a trainee solicitor in a non-contentious seat.
5. Appreciate the importance of developing commercial awareness and of knowing one’s client.
Content Summary
The module comprises 4 elements:
1. The pre- contract stage in which students should be able to take instructions and advise on client care, identify the steps arising from pre-contract enquiries and pre-contract searches, deduce and investigate title and analyse and draft the contract.
2. Students should understand when the contract becomes binding and should advise the client on the terms of any offer of finance and the method of making the contract binding.
3. After the contract is binding deal appropriately with the deposit, obtaining undertakings and insurances, draft the transfer deed and undertake the pre and post completion checks including fulfilling obligations to any mortgage lender.
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Lecture | 16 |
| Seminar | 32 |
| Independent Study | 152 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | To demonstrate their knowledge, understanding, skill and appreciation of a domestic or commercial property transaction relating to freehold or leasehold title. |
| LO2 | Identify and perform the critical steps of the transactions. |
| LO3 | Understand the requirements of lenders and the need to consider money laundering issues. |
| LO4 | Demonstrate a sufficient grasp of the tax aspects of the property transaction, including stamp duty land tax. |
| LO5 | Understand the key ethical requirements contained in the Solicitors Regulation Authority Principles of Regulation and Code of Conduct 2011 and understand where these may impact and be able to apply them in context. |
| LO6 | Identify the client’s objectives and different means of achieving those objectives and be aware of the client’s financial and commercial priorities and well as cost implications and associated risks. |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Synchronous Onsite Assessment (Exam) | Onsite Open Book Examination 2 | Onsite Open Book Examination | 60 | N/A | 30 | No | 50 |
| Synchronous Onsite Assessment (Exam) | Onsite Open Book Examination 1 | Onsite Open Book Examination | 150 | N/A | 70 | No | 50 |
Assessment Matrix
| Assessment Type | Learning Outcomes | |||||
|---|---|---|---|---|---|---|
| LO1 | LO2 | LO3 | LO4 | LO5 | LO6 | |
| Onsite Open Book Examination 2 | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Onsite Open Book Examination 1 | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |