492. Extinguishment of rentcharges.

The three main ways in which a rentcharge can come to an end are:

  1.  

    (1)     by release by the owner of the rentcharge to the owner of the land charged;

  2.  

    (2)     by merger when the owner of the rentcharge and the owner of the land charged become the same person;

  3.  

    (3)     by redemption under the Rentcharges Act 19771.

Except for rentcharges which are exempted, the Rentcharges Act 1977, provides that every rentcharge will be extinguished at the expiry of the period of 60 years from 22 August 1977 or from the date when it first becomes payable, whichever is later