---
title: "Peppercorn Rent — UK Leasehold Glossary"
url: https://manage.management/glossary/peppercorn-rent
description: "A token or nominal rent (historically a single peppercorn) that has no real monetary value. Under the Leasehold Reform (Ground Rent) Act 2022, most new leases may only charge a peppercorn ground rent."
category: "Lease Terms & Covenants"
publisher: Manage.Management
language: en-GB
---

# Peppercorn Rent

A token or nominal rent (historically a single peppercorn) that has no real monetary value. Under the Leasehold Reform (Ground Rent) Act 2022, most new leases may only charge a peppercorn ground rent.

## Related Lease Terms & Covenants Terms

- [Term](https://manage.management/glossary/term): The length of time a lease is granted for.
- [Ground Rent](https://manage.management/glossary/ground-rent): An annual rent paid by the leaseholder to the freeholder as required by the lease. (Note: This has been abolished for most new leases).
- [Covenant](https://manage.management/glossary/covenant): A rule or promise within a lease that a party must abide by. A Breach of Covenant is the failure to do so.
- [Break Clause](https://manage.management/glossary/break-clause): A term in a contract that allows either the landlord or tenant to end it early under specified conditions.
- [Consent](https://manage.management/glossary/consent): Formal permission from the landlord, often required before a leaseholder can make alterations or sublet the property.
- [Deed of Variation](https://manage.management/glossary/deed-of-variation): A formal legal document used to make a permanent change to the terms of an existing lease.
- [Improvements](https://manage.management/glossary/improvements): Works that enhance a property beyond simple repairs (e.g., adding a new porch).
- [Repairs](https://manage.management/glossary/repairs): Work done to maintain or restore the property to its previous condition.

[All 155 UK leasehold glossary terms](https://manage.management/glossary)