Akademik

peppercorn rent
noun
very low or nominal rent
Regions: ↑United Kingdom, ↑UK, ↑U.K., ↑Britain, ↑United Kingdom of Great Britain and Northern Ireland, ↑Great Britain
Hypernyms: ↑rent

* * *

noun
1. : a rent formerly often stipulated in deeds and consisting in supplying a certain amount (as a pound) of black peppercorns at stated intervals
2. : a merely nominal rent in kind operating to keep alive a title

* * *

peppercorn rent UK US noun [countable] [singular peppercorn rent plural peppercorn rents] british
a very small rent
Thesaurus: relating to buying or leasing real estatehyponym

* * *

ˌpeppercorn ˈrent f11 noun (BrE)
a very low rent
 
Word Origin:
[peppercorn rent] from the (formerly common) practice of stipulating the payment of a peppercorn as a nominal rent.

Useful english dictionary. 2012.