Paragraph 6 Creation of independently registrable legal interest
(1)
This paragraph applies to a disposition consisting of the creation of a legal rentcharge or profit a prendre in gross, other than one created for, or for an interest equivalent to, a term of years absolute not exceeding seven years from the date of creation.
(2)
In the case of a disposition to which this paragraph applies—
(a)
the grantee, or his successor in title, must be entered in the register as the proprietor of the interest created, and
(b)
a notice in respect of the interest created must be entered in the register.
(3)
In sub-paragraph (1), the reference to a legal rentcharge or profit a prendre in gross is to one falling within section 1(2) of the Law of Property Act 1925 (c. 20).