English version

peppercorn rent

From Longman Dictionary of Contemporary English
Related topics: Business
peppercorn rentˌpeppercorn ˈrent noun [countable]  British EnglishB a very low rent
Examples from the Corpus
peppercorn rentFortunately the ground comes cheap, leased from the patron Lord Camrose on a peppercorn rent.
From Longman Business Dictionarypeppercorn rentˈpeppercorn ˌrent [countable]FINANCEPROPERTY a very small amount of money, paid to show that there is an official contract between the owner and the person using a building, piece of land etcThe land will then be leased to the council at a peppercorn rent. rent
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