111. Distinction between mortgage and statutory charge.

111.     Distinction between mortgage and statutory charge.

Statutory charges differ from mortgages in that mortgages arise out of agreement between the parties. The nature, effect and means of realisation of a statutory charge depend on the terms of the statute in question1. The following are instances of statutory charges: charging orders in favour of tenants or landlords of agricultural holdings in respect of compensation payable2; charges in favour of landlords of business premises in respect of compensation for or the cost of improvements3; charging orders on land by way of execution4; charges upon premises of frontagers in