peppercorn rent


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peppercorn rent

n
a rent that is very low or nominal
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.peppercorn rent - very low or nominal rent
Britain, Great Britain, U.K., UK, United Kingdom, United Kingdom of Great Britain and Northern Ireland - a monarchy in northwestern Europe occupying most of the British Isles; divided into England and Scotland and Wales and Northern Ireland; `Great Britain' is often used loosely to refer to the United Kingdom
rent - a payment or series of payments made by the lessee to an owner for use of some property, facility, equipment, or service
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References in periodicals archive ?
But neither do they expect their Pedigree Chum to be served up in a silver bowl, by a servant, in a palace apartment that came with a peppercorn rent that was, in effect, subsidised by taxpayers for almost eight years.
This hardly compares with the number held by the US in inhuman conditions in the notorious Guantanamo Bay camp - a part of Cuba the US appropriated to themselves on a peppercorn rent which the Cubans have always refused to accept.
A Cardiff sports facility owned by the two men, called House of Sport, is a key partner in a proposal to transfer the running of the facility in Leckwith from the council on a peppercorn rent.
The charity, which is run entirely by volunteers, has been given the premises by the local authority on a peppercorn rent.
The three proposals for members to consider included; not making the land available for the new station (option one), keeping the land within council control and charging a peppercorn rent (option two) or transferring the land to Mostyn estates to act as landlords (option three).
The project couldn't have gone ahead without Pennyman Estate's agreement to lease the land near Kell Gate Bridge for 25 years at a peppercorn rent.
I did not want any funding from the city council, just a long-term lease for peppercorn rent.
The terms are 999 years from January 1, 2011 at a peppercorn rent per annum.
On completion of the building works, the whole of the property is to be leased on a long lease at a peppercorn rent to the developer.
Whitfield Village Pantry, Bearsbridge, Whitfield, Hexham, Northumberland is for sale leasehold through North East Commercial at PS35,000 plus SAV with a peppercorn rent of PS800pa.
Hollybank Avenue residents were allowed to use the land to extend their gardens, in return for peppercorn rent.
In the late 1990s, then Wrexham chairman Pryce Griffiths paid the landowners pounds 750,000 in exchange for a 125-year lease on the Racecourse at a peppercorn rent.