Akademik

peppercorn rent

noun

very low or nominal rent

• Regions: ↑United Kingdom, ↑UK, ↑U.K., ↑Britain, ↑United Kingdom of Great Britain and Northern Ireland, ↑Great Britain

• Hypernyms: ↑rent

* * *

noun

1. : a rent formerly often stipulated in deeds and consisting in supplying a certain amount (as a pound) of black peppercorns at stated intervals

2. : a merely nominal rent in kind operating to keep alive a title

* * *

peppercorn rent UK US noun [countable] [singular peppercorn rent plural peppercorn rents] british

a very small rent

Thesaurus: relating to buying or leasing real estate_hyponym

* * *

ˌpeppercorn ˈrent f11 noun (BrE)

a very low rent

 

Word Origin:

[peppercorn rent] from the (formerly common) practice of stipulating the payment of a peppercorn as a nominal rent.

Useful english dictionary. 2012.