1299. Rentcharges and mortgages on the landlord's estate.

Where a conveyance is executed to give effect to the obligation to enfranchise1:

  1.  

    (1)     so much of the statutory provisions relating to rentcharges2 as relates to the application of the purchase price for redemption of rentcharges applies only to the price payable for the estate in fee simple3; and

  2.  

    (2)     so much of the statutory provisions relating to the discharge of mortgages on the landlord's estate4 as relates to the application of the price payable in or towards redemption of charges applies separately to the price payable for each interest together with the relative charges5.

Where it is necessary