TR1 Form

Question 1

What goes into Panels 1 and 2 of the TR1?

Answer 1

Panels 1 and 2: the title number and the address of the property should be checked against the details in the contract and the official copies.

Question 2

What goes into Panels 3, 4 and 5 of the TR1?

Answer 2

Panel 3: the transfer will only be dated upon completion.

Panels 4 and 5: the names of the parties should be checked against the details in the contract and, in the case of the transferor, the official copies.

Question 3

What goes into Panel 6 of the TR1?

Answer 3

Panel 6: the buyer is buying this property to live in and so they will want communications to go to their new address, not their old address. If the property will be tenanted, the buyer may want communications sent to another address, such as a registered office in the case of a company.

Question 4

What goes into Panels 7, 8 and 9 of the TR1?

Answer 4

Panel 7: the operative part of the deed and it should not be amended.

Panel 8: the purchase price should be written in figures as well as words - The Law Society’s Conveyancing Handbook states that where VAT is payable, the amount of the consideration stated should include the VAT element of the price

Panel 9: on the front page of the contract the seller has stated they are selling with full title guarantee. In addition, SC 4.6.2 states the seller is selling with full title guarantee.

Question 5

What goes into Panel 10 of the TR1?

Answer 5

Panel 10: there is only one buyer so none of these boxes apply. The purpose of this panel is for co-owners to declare how they are going to hold the equitable interest in the property, as tenants in common or joint tenants.

Question 6

What goes into Panel 11 of the TR1?

Answer 6

Panel 11: there should be an indemnity covenant to observe the covenants in the charges register. This is provided for in the contract by SC 4.6.4 as the seller will remain liable on the restrictive covenants in the 1968 Conveyance which will appear in the official copies following registration of the client’s purchase

Question 7

What goes into Panel 12 of the TR1?

Answer 7

Panel 12: the signature of the seller, being an individual, must be witnessed. The buyer should also execute the transfer if they are entering into an indemnity covenant.