Law of Property Act 1925, Section 120A is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)For the purposes of sections 120B to 122 a rentcharge is “regulated” if it is of a kind that could not be created in accordance with section 2 of the Rentcharges Act 1977.
“charged land” means the land which is, or the land the income of which is, charged by the rentcharge;
“demand for payment” means a notice under section 120B(1)(a) demanding payment of regulated rentcharge arrears;
“landowner”, in relation to a sum that is charged by rentcharge, means the person who holds the charged land;
“regulated rentcharge arrears” means a sum charged by a regulated rentcharge that is unpaid after the time appointed for its payment;
“rent owner”, in relation to a sum that is charged by rentcharge, means the person who holds title to the rentcharge.]
Textual Amendments
F1Ss. 120A-120D inserted (24.7.2024) by Leasehold and Freehold Reform Act 2024 (c. 22), ss. 113(2), 124(2)(a) (with s. 113(5))
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