Please do not hesitate to contact us here at Clarke Mews by using the contact details located below.
30 High Street,
Botley,
Southampton,
SO30 2EA,
T:
01489 797377
F:
01489 799466
E:
botley@clarkemews.co.uk
44 High Street,
West End,
Southampton, UK
SO30 3DR,
T:
023 8047 3747
F:
023 8047 6960
E:
westend@clarkemews.co.uk
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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.