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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

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

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

Or, on the other hand, he might be inclined to allow Miss Yard the use of the premises upon the undertaking that she provided him with board and lodging, and paid a peppercorn rent.

From A Drake by George! by Trevena, John