Your questions    

What is a rentcharge?

A rentcharge is a monetary liability that attaches to the freehold of a property. The owner of the freehold interest in the property owns the ground on which the property sits, but must pay a sum for doing so. The best way of considering this is to view the rentcharge as a kind of perpetual mortgage on a property. It is important to bear in mind that while a rentcharge may seem to be for an insignificant amount, it grants various powers to its owner up to and including reposession.

Rentcharges are commonly found in the North West, North East and Avon, though there are a few scattered throughout the UK.

For a more detailed explanation of your rights and duties as a tenant under a rentcharge, please contact your solicitor. Please be aware that solicitors outside the North West and Avon may not be experts in the law relating to rentcharges.