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peppercorn rent

British  

noun

  1. a rent that is very low or nominal

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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And the powerful Public Accounts Committee has been demanding answers over Andrew paying only a peppercorn rent at his home in Windsor.

From BBC Nov. 1, 2025

Prince Andrew is facing scrutiny over his Royal Lodge home in Windsor Great Park, where he has paid a "peppercorn rent" for more than 20 years.

From BBC Oct. 24, 2025

Calls have also intensified for Andrew to give up his Royal Lodge home in Windsor Great Park after it emerged he paid a "peppercorn rent" for more than 20 years.

From BBC Oct. 23, 2025

The council said it would lease the building at a "peppercorn" rent and said the former bank would offer a "focal front door" onto the Market Place.

From BBC Jan. 5, 2021

It is held of the Town Corporation For a term, at a peppercorn rent, And will surely reward speculation To the tune of some fifty per cent.

From Punch - Volume 25 (Jul-Dec 1853) by Various

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