 Such rentcharges may also be redeemed (i.e.‘bought out’) by the terre-tenant, generally for around sixteen times the annual amount of the rentcharge in accordance with provisions in the Act.Although many rentchargers will try to make a private settlement with the terre-tenant, the Act provides a formula which enables Department for Communities and Local Government (DCLG) to calculate the redemption figure that the terre-tenant has to pay the rentcharger in order to redeem their rentcharge.