496. Registration of rentcharges.

If a rentcharge capable of subsisting as a legal interest is granted out of a registered title, the disposition must be completed by registration to be legally effective1. The compulsory first registration provisions do not apply to rentcharges but they may be registered voluntarily2. If it appears to the registrar3 that a right to determine a registered rentcharge is exercisable he may enter notice of the fact in the register4. An application for such an entry must be supported by evidence to satisfy the registrar that the applicant has the right to determine the rentcharge and that the right