Vocab Bloom Hub

peppercorn rent

/ˈpɛpəkɔːn rɛnt/

Traducción: Renta muy baja o simbólica, a menudo de carácter nominal, que se paga para formalizar legalmente un contrato de arrendamiento y no para reflejar el valor de mercado.

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phrase

/ˈpɛpəkɔːn rɛnt/C1formalbritishlegal
  • esRenta muy baja o simbólica, a menudo de carácter nominal, que se paga para formalizar legalmente un contrato de arrendamiento y no para reflejar el valor de mercado.

A very low or nominal rent, often symbolic in nature, paid to legally formalize a tenancy agreement rather than to reflect market value.

  1. Nominal rentC1formalbritish

    A very low or symbolic rent, often used to formalize a lease agreement without a significant financial exchange.

    esrenta simbólica

    • The charity pays a peppercorn rent for the office space.
    • The land was leased for a peppercorn rent of one dollar per year.
    • The agreement stipulated a peppercorn rent to acknowledge the legal tenancy.