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peppercorn rent

noun

  1. a rent that is very low or nominal
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

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He took on his first premises on a peppercorn rent, imported an oven and sold slices of pizza wrapped in napkins.

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Askew lived alone in nearby Wellingham House but, finding it bigger than he needed, he let a charity have it for a peppercorn rent, and it became a home for people with learning difficulties.

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The Premier League club says the signing of the 200-year lease at a so-called “peppercorn rent” means the club effectively controls the land upon which the new stadium would be built.

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Hundreds of people have applied to take on a £1m farm in north Wales for a peppercorn rent.

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"To all intents and purposes, this is a contract which gives West Ham the stadium at a peppercorn rent at most or, to be honest, for no rent whatsoever," Bryant told the BBC.

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