PEPPERCORN RENT

(noun)

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There is 1 meaning of the phrase Peppercorn Rent.

"The landlord agreed to charge a peppercorn rent for the historical property."

"The company leased the office space at a peppercorn rent to support the startup's growth."

"The artist was allowed to use the gallery for a peppercorn rent in exchange for exhibiting their artwork."

"The nonprofit organization was offered the premises at a peppercorn rent to carry out their charitable activities."

"The government agency rented the building for a peppercorn rent to establish a community center."