peppercorn rent Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “peppercorn rent” in the English Dictionary

"peppercorn rent" in Business English

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peppercorn rentnoun [C]

uk   us   UK
LAW, PROPERTY a very ​smallamount of ​money that is ​paid by someone who is ​renting a ​building or ​piece of ​land so that the ​arrangement between them and the ​owner of the ​property is ​legal: The ​charitysecured a 20-year ​lease on the ​building at a peppercorn ​rent of £1.
(Definition of peppercorn rent from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “peppercorn rent”
in Chinese (Simplified) 象征性租金,极低的租金…
in Chinese (Traditional) 象徵性租金,極低的租金…
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