The following Property Q&A produced in partnership with Chris Bryden of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:
A rentcharge is a method of securing a regular payment due to a third party in respect of land other than a payment by way of rent under a lease or of interest. Rentcharges historically were a mechanism enabling developers to continue to receive an income from land after it had been developed and sold and remains common in certain parts of the country including in the larger metropolises in the north and in the south-west. The Rentcharges Act 1977 (RA 1977) abolished new rentcharges, subject to limited exceptions, and provided for the extinguishment of existing rentcharges by 2037.
One of those exceptions is an estate rentcharge, being a rentcharge created for the purpose of:
making covenants by the owner of the land enforceable by the rent owner (provided it is not more than a nominal amount), or
of meeting or contributing to the provision of services, maintenance, repairs, insurance or for the benefit of the land
In this scenario
Free trials are only available to individuals based in the UK
Complete all the fields above to proceed to the next step.
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Liquidated damages in construction contractsThis Practice Note explains what liquidated and ascertained damages (LADs/LDs) are and their purpose in a building contract. It considers the difference between liquidated damages and general (or unliquidated) damages and looks at the enforceability of
Parliamentary committeesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to
Issue of redeemable sharesA limited company that proposes to issue redeemable shares must comply with the provisions of the Companies Act 2006 (CA 2006).Why do companies issue redeemable shares?A company may wish to issue redeemable shares so that it has an alternative way to return surplus capital
Fraud by false representationFraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the
0330 161 1234