Section 71 — Property Law Act 2007: Release of part of land from rentcharge

71 Release of part of land from rentcharge (1) This section applies if an encumbrance over land securing a rentcharge is released in relation to part of the land. (2) The rentcharge remains secured by the encumbrance over the residue of the land. (3) If the owner of the residue is not the owner of the part released and has not consented to the release, the owner of the residue is entitled (in relation to the rentcharge) to the same contribution from the owner of the part released as would have been payable by that owner if there had been no release. Compare: 1952 No 51 s 31