This is an annual sum paid by the owner of freehold land to a person who has no other legal interest in the land.

This should not be confused with Ground Rent, but it can also be called Chief Rent in some parts of the country. The background to rentcharges goes back to the reign of Edward I.

It's quite a complex process and not very well known to many, so it would be advisable to ask your conveyancing solicitor for advice. Why not give our expert advisers a call on 0800 038 6886 to get your conveyancing under way with In-Deed? Our lines are open 7 days a week.