Rentcharges: a technical discussion paper

The Consolidated Stock named in the formula for calculating rentcharges and the value of minor superior tenancies and leasehold interests (for the purposes of lease renewals and enfranchisement) is no longer in use, so we need to put a workable formula in place

This paper seeks views on 3 issues:

• a replacement rate or instrument for the 2½% Consolidated Stock, to be used in the calculation formula for rentcharge redemptions

• calculating minor superior leasehold interests for enfranchisement and minor intermediate leasehold interests for lease renewals and enfranchisement

• the future role of the Secretary of State in the process of redeeming rentcharges