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What is a peppercorn ? Lol
mkgirl1981
Posts: 473 Forumite
Just reading through the lease of the flat I'm in the process of buying and the first line of my terms reads
To pay rent (one peppercorn)
What does that mean!? Lol
Thanks
To pay rent (one peppercorn)
What does that mean!? Lol
Thanks
0
Comments
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Take a look here...https://forums.moneysavingexpert.com/discussion/270729#6 of the SKI-ers Club :j
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke0 -
Go to your spices / sauces / etc cupboard.
FInd a pepper mill.
Unscrew the top. There are little black round things in there. Take one out.
You now have a peppercorn!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
I didn't realise people actually paid peppercorns! The point is to have some legal "consideration", even if it isn't actually worth anything.Note: Unless otherwise stated, my property related posts refer to England & Wales. Please make sure you state if you are discussing Scotland or elsewhere as laws differ.0
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I remember reading about peppercorn rents in law class, but I always thought it was a metaphor!0
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tiger_eyes wrote: »I remember reading about peppercorn rents in law class, but I always thought it was a metaphor!
It is
just not at the first step in translation (if you get my meaning)
tim0 -
Thanks for the replies guys - makes me feel like in buying a house in ye olde days lol0
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A peppercorn is basically a way of saying you are going to pay nothing. However I would suggest on purchasing something as important as a property that you get your solicitor to clarify, and not an internet forum who do not know the complete picture.0
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