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