What is another word for peppercorn rent?
Pronunciation: [pˈɛpəkˌɔːn ɹˈɛnt] (IPA) 
Peppercorn rent is a term used to describe a nominal rent of an item or property. Other synonyms for peppercorn rent include token rent, nominal rent, and symbolic rent. These terms refer to a rent that is so small it is almost non-existent, often paid symbolically as a gesture of goodwill or tradition. In some legal agreements or contracts, "peppercorn rent" may be replaced with "nominal consideration" or "sacred consideration". Regardless of the term used, it is a legally binding payment and failure to pay may constitute a breach of contract. The concept of peppercorn rent is often used in historic or significant properties where the owner wishes to maintain ownership and control but wants to avoid high costs and potential taxation.
