A rentcharge is a rent charged upon land, not being a rent payable to a landlord under a lease (a rent payable to a land�lord is known as a rent service). To be a legal rentcharge the rent must be created by deed and must be either perpetual or for a term of years absolute and must be in possession. Rentcharges are still created today in some parts of the country upon a sale of land, i.e. the purchaser, instead of paying a lump sum, covenants to pay an annual sum of money for a fixed term of years or in perpetuity and the obligation to pay this sum is charged upon the land. Since 2011 a rentcharge may be charged directly upon land or it may be charged upon another rentcharge.

Read More

Please Note

Land law & Property Law website is not a definitive guide and expert advice should be taken before entering into any property or land agreement, legal or otherwise. You should seek independent professional legal advice before acting upon any information contained within this website. More info see Land Registry or Property Law– WashLaw Web