Seeking procedural guidance in relation to an intended application to register a statutory (estate) rentcharge lease created pursuant to section 121(4) of the Law of Property Act 1925. The proposed lease differs fundamentally from a conventional lease. In particular: it is created by the exercise of a statutory power rather than by agreement between landlord and tenant; the lessor is the rentcharge owner exercising its statutory powers; the lease is granted to trustees in accordance with section 121; the registered proprietor of the burdened title is not a party to, nor does it execute, the lease; the lease exists solely as statutory security for the payment of the arrears, interest and recoverable expenses secured by section 121; the lease is held by the trustees upon the trusts declared by the instrument and is not intended to operate as a conventional or commercial leasehold interest; neither the rentcharge owner nor the trustees are entitled to dispose of the estate in the ordinary manner associated with a conventional leasehold interest. Having reviewed HM Land Registry's published guidance, including Practice Guide 67 and the current version of Form ID2, I have been unable to locate any published guidance dealing specifically with applications to register statutory rentcharge leases created under section 121(4) of the Law of Property Act 1925. Does HM Land Registry treat an application to register a statutory rentcharge lease under section 121(4) as a lease application in the ordinary sense for the purposes of Form ID2, or does its statutory nature give rise to different procedural requirements? Form ID2 states that identity evidence is not required where "the true value of the land to which the transaction relates is not more than £6,000". As the statutory rentcharge lease exists solely as statutory security for the payment of a debt, it is not intended to create a commercial tenancy, and neither the rentcharge owner nor the trustees are entitled to dispose of the estate in the ordinary manner associated with a conventional leasehold interest, would HM Land Registry regard that exception as applying to an application of this nature? The purpose of this enquiry is simply to ensure that the application is submitted in the form expected by HM Land Registry, together with any supporting documentation they ordinarily require, thereby reducing the likelihood of avoidable requisitions.