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 ?
The buildings are held on 125 year leases, peppercorn rent with 113 years unexpired.
The hall's insurance didn't include vandalism, so Saltburn Community and Arts Association - which paid a peppercorn rent - needed to find funds to repair the roof.
All the British Cycling Team are based there, the brand new stadium rented out at a peppercorn rent like West Ham, where their old ground is being sold for a fortune and the Golds get another bumper payday.
The investment includes an underletting to the Post Office for 20 years from 2001 at a peppercorn rent.
In return for a 21-year lease on a peppercorn rent, the council says the successful applicant will have to demonstrate that they can run a financially viable programme of events with profits reinvested into the site's running.
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.
I did not want any funding from the city council, just a long-term lease for peppercorn rent.
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.
The land was leased at peppercorn rent to homeowners at Hollybank Avenue, allowing them to extend their gardens.