Estate Rentcharge · Report on Title scenarios
Estate rentcharge
4 situations in which a rentcharge comes up during a conveyancing transaction, each answering a different question.
- The title says the property is subject to a rentchargeA rentcharge is an obligation on freehold land to pay money to someone who may own nothing nearby. Where they came from, why the sums are tiny, and why that is not the point.
- What happens if a rentcharge goes unpaid?Forty days of arrears unlocks remedies that have nothing to do with the size of the debt, including a right of entry and the power to grant a lease over your freehold.
- The estate rentcharge is more than £500 a yearAbove a threshold used across the lending industry, estate rentcharges attract additional scrutiny. What that means for your mortgage, and why it matters even in a cash purchase.
- The title shows a tithe rentchargeA tithe rentcharge is the oldest thing you will find on a modern title. Why sellers decline to insure against it, and why the usual answer is still to take the policy.
Already bought, and a rentcharge has become a problem?
These pages are written for someone still deciding. If this came up after you completed, the question is a different one — what was known during the purchase, and what should have been reported to you.
Tell us what happened → WhenIBought.comDealing with this on a current conveyancing matter?
Current Report on Title paragraph
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