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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.

The arrangement means he has only ever paid a "peppercorn" rent on Royal Lodge, and even that might not be required under his deal with the Crown Estate, a document seen by BBC News confirms.

From BBC • Oct. 27, 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

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

He took on his first premises on a peppercorn rent, imported an oven and sold slices of pizza wrapped in napkins.

From BBC • Feb. 8, 2019

Mr. Jones would let them a nice little house a few miles from here at a peppercorn rent; and I suppose old Mr. Mildmay could do something.

From Is He Popenjoy? by Trollope, Anthony

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