"Peppercorn rent" is a phrase used to describe a very low or symbolic rent, often just a token payment or a small amount, usually in exchange for a lease or the use of a property or land. Full definition
16,000 square feet of space have been dedicated to creative workspace, studios and a project space for 5 years at peppercorn rent by developers Ecoworld Ballymore. (studiomakers.com)
Those other teams now look set to improve dramatically, we also have west ham with more money due to new stadium for peppercorn rent and tottenham looking very dangerous. (justarsenal.com)
West ham have sold their stadium and have the money available to spend on players plus extra income from ticket sales due to leasing the olympic stadiun for a peppercorn rent. (justarsenal.com)