 | |
Home
Properties For Sale
Contact Us
Property Management
Surveys / Valuations
Career Opportunities
A-Z of Moving
Selling Tips
The Legal Process
Mortgage Calculator
Stamp Duty Calculator
Removals & Storage
Listed Buildings
Links
Site Map
|
|
Peppercorn Rent
This means a nominal or token rent – the minimum payment necessary to
establish the legality of an agreement. It usually arises where the lease is a
deed which does not need a significant consideration other than a token acknowledgement
to recognise the landlord and tenant relationship. In practice a peppercorn rent
is never demanded although occasionally a pedantic conveyancer may require the
collective arrears to be paid off (or at least included) as part of the financial
statement on completion of a sale.
|
|
