Rent Charges

When did Historic Rent Charges stop being created?

• 22nd August 1977

• 22nd August 1988

• 22nd August 1999

• 22nd August 1967

When will Historic Rent Charges come to an end?

• 22nd July 2027

• 22nd July 2037

• 22nd July 2047

• 22nd July 2057

How far back can the Rent Charge owner claim arrears of Rent Charge?

• 5 years

• 3 years

• 6 years

• 8 years

If the Rent charge has been unpaid for how many days can the Rentcharge owner grant a statutory Lease of the property?

• 30 days

• 60 days

• 40 days

• 50 days

If a seller wishes to redeem a Historic Rent Charge how many years annual rent would they need to pay?

• at least 16 times the annual rent

• at least 6 times the annual rent

• at least 10 times the annual rent

• at least 12 times the annual rent

Can an Estate Rent Charge be redeemed?

• Yes

• No

• Sometimes, it depends on the situation

What are the solutions to an Estate Rent Charge?

• Make sure the client pays whether demanded or not

• Indemnity Insurance

• Deed of Variation

• Take a View

When would the buyers mortgage lender want to be notified if the annual Estate Rent Charge goes above what figure?

• £100

• £200

• £250

• £500

Where would it be brought to your attention that the property is subject to an Estate Rent Charge?

• 10.1 of the TA6

• TP1 Clauses

• Charges Register of the Official Copies

• FME1

Why is it so Important to serve Notice of Transfer and Charge on the Rent Charge owner on completion?

• So the Rent Charge owner can notify the lender of any failure by the buyer to pay their Rent Charge

• The Rent Charge owner can update who the Rent Charge demand goes to

• It serves no purpose to do this

• The buyers lender can then step in and pay any Rent Charge arrears if the buyer fails to pay