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 ?
These days the current Prince of Wales, through the Duchy of Cornwall, levies rents of one daffodil for lands in the Scilly Isles, rather than the more usual 'peppercorn rent'.
Most of the land at South Stack and Mynydd Twr Holyhead Mountain is leased from the County Council at a peppercorn rent.
was the of The case was heard at Kirklees Magistrates Court, in Huddersfield, on October 17, when Kirklees said the buildings were leased under sham agreements for a peppercorn rent to recently set-up companies.
It also includes the freehold for 84 apartments which are leased to Persimmon Homes at a peppercorn rent.
I would suggest that the council offer the Old Grammar School in Hales Street to the voluntary sector on a peppercorn rent to use as a central community hub to accommodate some of these charities.
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.
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.
When East End Pool, Walker Activity Dome, Westgate Centre for Sport and All Saints Sports Centre are signed over, they will be leased for a peppercorn rent of [pounds sterling]1 a year for the next 20 years.