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peppercorn rent

   Also found in: Wikipedia 0.01 sec.
peppercorn rent
n
a rent that is very low or nominal
ThesaurusLegend:  Synonyms Related Words Antonyms
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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He added: "There is a traders' meeting next week and I'll be suggesting that the Nell's Point site, including this toilet block, should be offered at a peppercorn rent to a leisure or hotel developer so that something is done with it.
MORE latest At a meeting on Friday the council's executive board approved a three-year lease in which they will news at liverpool education only take peppercorn rent, paving the way for the nursery's return.
The old police hut off Acklam Road has been offered to the union at a peppercorn rent for 10 years by the local council - on condition that it renovates the building within six months.
 
 
 
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