An annual/periodic sum due to a third party and where
- The property has been in existence for the last 12 months and will continue to be used as a single residential dwelling.
- The owner has not received demands or made payments of the rent charge during the last 3 years.
- There has been no approach to any persons or company believed to be entitled to the rent charge and the same is not registered with a separate title.
- The value of the yearly rent charge is not in excess of 100.00.
- The Land is located in England or Wales.
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