Category 101: RES Paper 1

OTP, S&P, forfeit, licence, duties, advertisements, sub-sale, repudiation, progress payments, notice of vacant possession, TOP, breach remedies, residential vs commercial. | new launches.

concept and master plan, planning regions, zones, plot ratio, landed plot size, dwelling unit cap, conservation properties, commercial class uses, change of use, land betterment charge. | development limits and changes.

joint tenancy, tenancy-in-common, adults vs minors, lasting power of attorney, mentally disordered persons, partnerships, companies, societies, foreign ownership. | the how and who.

lifetime or testamentary gifts, trust by express intention, will, law or in REITS, wills, intestate succession, future and reversionary interest. | your property but also not really.

legal mortgage, equitable mortgage, priority of payment, rights, types of mortgages. | pledging interest for a loan.

buying, selling, gifts, trusts. | the transfer of property while still alive.

duty of care, neighbour principle, standard of care, contributory negligence, volenti non fit injuria, illegality. | a tort, a wrong, a breach of duty that causes harm.

types of lease, terms in lease, covenants and rights, termination, rent non-payment relief, waste, assignment, novation, privity of contract and estate. | exclusive possession for rent.

agency creation, agent's authority, agent duties and rights, breach and termination. | a relationship of three for two.

offers, OTP as a contract, terms, conditions, warranties, representation, vitiating factors, contract discharge or void(able), remedies for breach, contract clauses. | an agreement that becomes legal.