Translation of peppercorn rent in Spanish:

peppercorn rent

alquiler nominal, n.

noun

British
  • 1

    alquiler nominal masculine
    • Payment of the peppercorn rent has been an annual ceremony ever since Henry Whistler, a London merchant, leased the Ouse-side structure from the city in 1677 to use as a water tower supplying York.
    • Now they want to privatise it for a peppercorn rent of one pound.
    • The city council eventually bought the site and agreed to rent it out on a peppercorn rent for art and culture.
    • While the fee represents a peppercorn rent for large consumer device manufacturers it's a toll nevertheless.
    • She says: ‘The project relied on the council granting a peppercorn rent, and they sunk it by refusing.’