52. Present perpetual interests and vested interests.

Certain perpetual interests are sometimes described as exceptions to the rule against perpetuities. It is perhaps more correct to say that, when they are created as present interests, the rule has no application to them1. Examples of such interests are easements and profits à prendre2, rentcharges and other interests in land lasting indefinitely and all remedies to enforce them, covenants and conditions binding land at law

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