s 120A Interpretation
(1) For the purposes of sections 120B to 122 a rentcharge is “regulated” if it is of a kind that could not be created in accordance with section 2 of the Rentcharges Act 1977. (2) In sections 120B to 120D — “ charged land ” means the land which is, or the land the income of which is, charged by the rentcharge; “ demand for payment ” means a notice under section 120B (1) (a) demanding payment of regulated rentcharge arrears; “ landowner ”, in relation to a sum that is charged by rentcharge, means the person who holds the charged land; “ regulated rentcharge arrears ” means a sum charged by a regulated rentcharge that is unpaid after the time appointed for its payment; “ rent owner ”, in relation to a sum that is charged by rentcharge, means the person who holds title to the rentcharge.