(1) The following rule is substituted for rule 109:
Transfer of land subject to a rentcharge
(109)
(1) A transfer of land subject to a rentcharge not falling within paragraph (2) below shall be made by an instrument in Form 19 or 32.
(2) A transfer of part of land subject to a rentcharge in which the rent is apportioned or land is exonerated from it shall be made by an instrument in Form 34B, or as near thereto as circumstances permit.
(3) Where the covenants set out in Part VII or Part VIII of Schedule 2 to the Law of Property Act 1925 (in this rule called “the 1925 Act”) are included in a transfer, the references to “the grantees”, “the conveyance” and “the conveying parties” shall be treated as references to the transferees, the transfer and the transferors respectively.
(4) Where in a transfer part of land affected by a rentcharge is, without the consent of the owner of the rentcharge, expressed to be transferred exonerated from the entire rent, and the covenants in paragraph (ii) of Part VIII of Schedule 2 to the 1925 Act are included, that paragraph shall apply as if:
(a) any reference to the balance of the rent were to the entire rent; and
(b) the words “, other than the covenant to pay the entire rent,” were omitted.
(5) Where in a transfer to which section 77(1)(B) of the 1925 Act does not apply part of land affected by a rentcharge is, without the consent of the owner of the rentcharge, expressed to be transferred subject to or charged with the entire rent, and the convenants in paragraph (i) of Part VIII of Schedule 2 to the 1925 Act are included, that paragraph shall apply as if:
(a) any reference to the apportioned rent were to the entire rent; and
(b) the words “, other than the covenant to pay the entire rent,” were omitted.
(6) On a transfer of land subject to a rentcharge:
(a) any covenant implied by section 77(1)(A) or (B)(i) of the 1925 Act may be modified or negatived; and
(b) any covenant included in the instrument of transfer may be modified,
by adding suitable words to the instrument.
(2) In the heading of Form 19 in the Schedule to the principal rules a reference to Rules 98 and 109 is substituted for the reference to Rule 98.
(3) The following note shall be inserted in the notes to Form 19 in the Schedule to the principal rules:
(4A) Where the transfer is subject to a rentcharge (other than a rentcharge created after 22nd July 1977 by virtue of section 2(3)(a) or (b) of the Rentcharges Act 1977 ) and no covenants are implied by section 77(1) of the Law of Property Act 1925 , the appropriate covenants may be incorporated by adding the words “The covenants set out in Part VII ( or if the rent has previously been apportioned without the consent of the owner of the rentcharge , paragraph (i) of Part VIII) of Schedule 2 to the Law of Property Act 1925 shall be included in this transfer”.