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Question #19

Q.

What is a peppercorn ground rent?

A.

This is a token or nominal rent, rarely collected by any freeholder. The name comes from leases where the rent is one peppercorn a year. Other kinds of token or nominal rents, such as £1, or a red rose each year, may also be referred to as peppercorn rents.

#lease-extensions #peppercorn #rent #leasehold #lease-extension
#19

Answered by

Silvana Goddard
Lease Extensions
Silvana has over 25 years of financial service and business development experience and thrives in helping her clients increase the value of their homes.

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