2006-11-24 02:54:43 · 4 answers · asked by A 1 in Business & Finance ➔ Renting & Real Estate
It's a nominal rent that you pay for something, usually only a few quid a year.
2006-11-24 03:03:17 · answer #1 · answered by Daniel R 6 · 0⤊ 0⤋
its a token rent.
Its used to establish the legal "right" to collect rent but where one is not normally required.
We are subject to a peppercorn rent for a bridge we have over the canal.
The contract says something like"...agree to pay, on demand, the sum of one peppercorn per year for the right..."
"a few quid" ( as mentioned above ) is not a peppercorn rent. , its a low rent. A peppercorn rent actually specifies a peppercorn.
2006-11-24 11:03:24 · answer #2 · answered by Michael H 7 · 0⤊ 0⤋
a peppercorn rent is a low rent. comes from the olden days when pepper was very expensive.
2006-11-24 11:02:40 · answer #3 · answered by grumpcookie 6 · 0⤊ 0⤋
It is a very small rent paid for property, not always money.
2006-11-24 11:09:19 · answer #4 · answered by gardener101 2 · 0⤊ 0⤋