69.—(1) Where the covenants set out in Part VII or Part VIII of Schedule 2 to the LPA 1925 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.
(2) Where in a transfer to which section 77(1)(B) of the LPA 1925 does not apply, part of a registered estate affected by a rentcharge is, without the consent of the owner of the rentcharge, expressed to be exonerated from the entire rent, and the covenants in paragraph (ii) of Part VIII of Schedule 2 to the LPA 1925 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.
(3) Where in a transfer to which section 77(1)(B) of the LPA 1925 does not apply, part of a registered estate affected by a rentcharge is, without the consent of the owner of the rentcharge, expressed to be subject to or charged with the entire rent, and the covenants in paragraph (i) of Part VIII of Schedule 2 to the LPA 1925 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.
(4) On a transfer of a registered estate subject to a rentcharge—
(a)any covenant implied by section 77(1)(A) or (B) of the LPA 1925 may be modified or negatived, and
(b)any covenant included in the transfer may be modified,
by adding suitable words to the transfer.
(5) In this rule “the LPA 1925” means the Law of Property Act 1925.