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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

From BBC

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

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

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