Meaning of peppercorn rent | Babel Free

Definitions

A nominal rent, originally of a single peppercorn.

Examples

“Where public libraries are scheduled for closure, their premises and stock should be offered at a peppercorn rent and on a long lease to any subscription library wishing to take them over.”

“Both groups rent space from SWR on a peppercorn rent basis.”

“Autumn turned to winter and then spring. I had to leave the property, as the rent was going up and I couldn’t afford it. But I wanted to remain alone. By a stroke of luck, I was offered a peppercorn rent on a holiday cottage by the sea that I had previously cleaned as a housekeeper.”

CEFR level