Practice Area ThreeSeat live

Real Estate

Advising clients on the acquisition, disposal, development, and financing of property. Work spans commercial and residential land, from single asset deals to large portfolio transactions.

City firm seat guide

In real estate, instinct for what's missing matters as much as technical knowledge. A vac schemer who reads official copies and notices "there's a restriction but no corresponding charge; should we be asking about this?" is demonstrating exactly the attention the practice rewards.

Advising clients on the acquisition, disposal, development, and financing of property. Work spans commercial and residential land, from single asset deals to large portfolio transactions.

The guide starts with the trainee-level work the seat is built around (title review, lease review and reporting, searches and cpse review), then shows how that can translate into lighter vacation-scheme exercises (real estate concept research, title document retrieval and review, document population and drafting support). It also covers the research to do before you arrive and the questions that show you understand the seat.

What this seat involves

Real estate lawyers deal with rights that attach to land; understanding freehold and leasehold title, what charges and restrictions sit on a property, whether planning permission is valid, and what obligations a buyer inherits on acquisition.

The seat tends to be more client-facing than corporate or finance seats at the junior level; transactions are smaller and faster-moving, and the documents are ones a non-lawyer recognises. Volume can be high and the work requires genuine attention to what's missing, not just what's present.

Trainee-level work this seat is built around

You may not be asked to run all of this on a vacation scheme. This section explains the kind of work trainees and junior lawyers do, so the seat and its exercises make sense in context.

Title review

Reviewing HMLR official copy entries, title plans and related documents. The focus is ownership, charges, restrictions, easements, missing rights and whether the title matches what the client expects to acquire.

Lease review and reporting

Reviewing commercial leases and reporting key terms: rent, term, break rights, repair obligations, permitted use, alienation provisions and any points that may affect value or occupation.

Searches and CPSE review

Reviewing searches and CPSE replies to understand planning, drainage, environmental, access and occupation issues, then identifying where follow-up is needed.

Enquiry drafting

Drafting additional enquiries for the seller’s solicitors where title, searches, CPSE replies or lease documents leave something unclear.

Drafting and transaction document support

Assisting with contracts, transfers, licences, deeds, leases, reports and other transaction documents by populating details, checking consistency and updating drafts under supervision.

Exchange, completion and post-completion

Helping with exchange and completion steps, completion statements, SDLT, HMLR registration and Companies House filings where relevant. Time limits and clean process matter.

What you could do on a vacation scheme

Vacation scheme exercises are usually lighter than trainee work. They are designed to test research, document sense, commercial judgement and how clearly you explain unfamiliar material.

Real estate concept research

You may be asked to research a concept such as freehold vs leasehold, title restrictions, leases, licences, CPSEs, SDLT, exchange and completion or HMLR registration, then explain it simply.

Title document retrieval and review

You may be asked to retrieve or review HMLR official copy entries, title plans and related documents, then flag restrictions, charges, easements, missing rights or anything that looks inconsistent.

Document population and drafting support

You may be asked to add matter details into draft contracts, transfers, licences, deeds, leases, CPSEs or reports, using the precedent and instructions given.

Liaising and chasing

You may be asked to help chase documents, signatures, searches, replies or confirmations from solicitors, clients, agents or other parties.

Exchange, completion and post-completion support

You may be asked to assist with exchange or completion checklists, SDLT steps, HMLR registration and Companies House filings where relevant.

Basic details and consistency checks

You may be asked to check names, addresses, title numbers, dates, parties, rent figures, execution blocks and document schedules against the source documents.

What good looks like at this stage

Clarify the task, have a proper go before escalating, explain your thinking and return clean work. The best vacation schemers are proactive and curious without creating noise.

In real estate, instinct for what's missing matters as much as technical knowledge. A vac schemer who reads official copies and notices "there's a restriction but no corresponding charge; should we be asking about this?" is demonstrating exactly the attention the practice rewards.

Research to do before you start

  • Understand the difference between freehold and leasehold title. Most commercial property in cities is leasehold; know why that matters to a buyer and what obligations a lease imposes.
  • Read about the Land Registration Act 2002; what registration achieves, what overriding interests are, and why priority searches matter.
  • Know the key stages of a commercial property purchase: pre-contract due diligence, exchange, and completion.
  • Look at the current commercial property market: office vacancy rates, logistics demand, retail challenges, and the impact of interest rates on property investment.
  • Read about the Building Safety Act 2022 if the firm does any residential or mixed-use work; it has fundamentally changed leasehold reform and liability in tall buildings.

Questions worth asking

"

Is there a precedent or example you would like me to follow?

Shows you are trying to match the team's style instead of guessing the format.

"

How much detail would be helpful here: a short summary or a more detailed note?

Clarifies the output before you spend time producing the wrong level of detail.

"

With commercial office take-up still below pre-pandemic levels in most cities, has the nature of the real estate work shifted; more lease renegotiations, fewer acquisitions, more development mandates?

Shows market awareness and invites a practitioner to describe what's actually coming through the door.

"

When you're reviewing title on a commercial acquisition, what kind of issue actually holds up or changes a deal versus what gets noted and moved past?

Shows you understand not every issue carries the same weight and that judgment is required.

"

How much of the real estate work here involves finance; acting for lenders taking security over property; versus pure transactional work?

Real estate finance is a significant sub-specialism. Asking about the mix shows you've thought beyond the obvious.

"

On a lease review, what do you look at first; what provisions most often cause problems that weren't caught early enough?

Practical, unpretentious, and shows genuine curiosity about how to do the job well.

Real Estate taster

How the Meridian Park taster works.

Before the source pack opens, the taster makes you do the preparation a trainee would do on an unfamiliar file. You learn the basics, explain the process to the client in plain English, then work the documents and decide what Priya needs to know before exchange.

Onboarding

  1. 01
    Complete the primer

    Start with the commercial real estate deck and Learning Hub. It covers title, occupational leases, searches, exchange, completion and what each document is trying to prove.

  2. 02
    Send the client explainer

    Priya asks you to write a plain-English note for Eleanor at HarbourGate explaining how the purchase runs, what the lawyers check and what can go wrong if those checks are missed.

  3. 03
    Unlock Meridian Park

    Once the explainer is in, the source pack opens: client note, title register, lease summary, searches, seller replies and a red-flag enquiries template.

  4. 04
    Rank the issues

    Read the pack like a trainee, compare the documents and send Priya a short note that leads with the issues that affect access, funding, income and completion.

Questions inside the taster

What happens before exchange, at exchange and at completion?

Tests whether you can explain process without hiding behind jargon.

Does the title actually give HarbourGate the access the logistics unit needs?

You compare the registered rights against the seller's replies on HGV use.

Which issues must be raised before exchange, and which are completion mechanics?

A strong note separates deal risk, lender risk and admin.

If you could lead Priya with only one red flag, what would it be?

The taster rewards ranking and judgement, not document-order summaries.

The taster is live

Now practise the real estate seat.

Step into the MiniSeat real estate taster and practise the same instincts this guide describes: title review, lease analysis, searches, seller replies and a ranked client-facing note.

Open Real Estate tasterPreparing for assessment centres instead? Try the Written Exercise