rentchargeA rentcharge is an annual sum payable for land in perpetuity or for a term of years which gives the owner of the rentcharge (the ‘rent owner’) specific rights if the sum is not paid. After 21 August 1977 only certain rentcharges may be created. These are mainly ‘estate rentcharges’ created for the purpose of making a landowners personal covenants (for example a promise to maintain a fence) enforceable by the rent owner, or to secure payment for the provision of services or the carrying out of maintenance, repairs and the like by the rent owner. Any other rentcharges created before 22 August 1977 will (if not already extinguished) be extinguished on 22 July 2037.