A “peppercorn payment,” or “peppercorn rent,” is a term used by attorneys for small, below-market-value payments for a property. This is part of a complete episode.
Transcript of “Peppercorn Payment”
Something i learned on the internet in some legal circles a peppercorn is a small payment
So let’s say that you’re gonna buy my car right but i don’t want to charge you a lot of
Money just but i need to charge you something just for the sake of the deal i charge you a dollar
Yeah that’s a pepper that’s a peppercorn payment very small amount not market value
That word makes my day.
Thank you, Grant.
My pleasure.
Glad to help.
We should do a radio show together.
Make our day.
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