peppercorn rent

noun

1. a rent that is very low or nominal

Example Sentences

They paid only a peppercorn rent of £70 a month (including utilities), until a 2002 review of grace-and-favour homes.

From The Daily Beast

Has there been a deed of gift,—perhaps a peppercorn rent, or something of that kind?

From Project Gutenberg

Prince Charles gave him his house in the lane for twelve years at the peppercorn rent of 6d.

From Project Gutenberg