peppercorn rent

noun

1. a rent that is very low or nominal

Example Sentences

He took on his first premises on a peppercorn rent, imported an oven and sold slices of pizza wrapped in napkins.

From BBC

Askew lived alone in nearby Wellingham House but, finding it bigger than he needed, he let a charity have it for a peppercorn rent, and it became a home for people with learning difficulties.

From BBC

The Premier League club says the signing of the 200-year lease at a so-called “peppercorn rent” means the club effectively controls the land upon which the new stadium would be built.

From Washington Times

Hundreds of people have applied to take on a £1m farm in north Wales for a peppercorn rent.

From BBC

"To all intents and purposes, this is a contract which gives West Ham the stadium at a peppercorn rent at most or, to be honest, for no rent whatsoever," Bryant told the BBC.

From BBC