peppercorn rent

NOUN
  1. very low or nominal rent
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How To Use peppercorn rent In A Sentence

  • And she tells us a bit about the history of pepper, and where the expression "peppercorn rent" comes from. The Guardian World News
  • The site is held on a long-term lease at a peppercorn rent from the port.
  • Bury Council is leasing the building to the Fusiliers at a peppercorn rent and will be providing an annual funding grant of 30,000.
  • To exercise your statutory right to extend the lease for 90 years at a peppercorn rent, you must have owned the flat for two or more years. Times, Sunday Times
  • Essex County Council lets the site for a peppercorn rent.
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