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In practical terms, peppercorn rent means the leaseholder pays zero ground rent to the freeholder. All new residential leaseholders are created with peppercorn rent. The phrase originates from the concept that a leaseholder would pay a nominal rent to the freehold owner in acknowledgement of their continuing right over the property in the sum of a single peppercorn – the type that you would usually grind up in a pepper mill.
A document used to confirm that a lender agrees that their already-registered charge (mortgage) will be ranked…
A summary or list of relevant title deeds proving the ownership history of a property,…
