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Definition of Peppercorn rent
1. Noun. Very low or nominal rent.
Generic synonyms: Rent
Definition of Peppercorn rent
1. Noun. A nominal rent; originally a single peppercorn. ¹
2. Noun. (context: by extension) Any very small rent. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Peppercorn Rent
Literary usage of Peppercorn rent
Below you will find example usage of this term as found in modern and/or classical literature:
1. Key and Elphinstone's Compendium of Precedents in Conveyancing by Thomas Key, Howard Warburton Elphinstone (1899)
"... this might operate to his prejudice; and a,fortiori a diminishing or fluctuating
rent would be bad. In the case of building leases a peppercorn rent, ..."
2. The Encyclopaedia Britannica: “a” Dictionary of Arts, Sciences, Literature edited by Hugh Chisholm (1911)
"In modern building leases a peppercorn rent is sometimes reserved as the rent
... A peppercorn rent, generally an obligation to pay I lb of pepper at the ..."
3. Woodfall's Law of Landlord and Tenant by William Woodfall (1890)
"peppercorn rent. — A peppercorn rent is a nominal rent not intended to be paid,
but stipulated for on the view (which is not correct) l that the reservation ..."
4. The Encyclopedia Britannica: A Dictionary of Arts, Sciences, Literature and by Hugh Chisholm (1911)
"In modern building leases a peppercorn rent is sometimes reserved as the rent
... A peppercorn rent, generally an obligation to pay I Ib of pepper at the ..."
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