"The Masonic Lodge of St. George's, Bermuda, rents the Old State House as its lodge for the annual sum of a single peppercorn, presented to the Governor of Bermuda on a velvet cushion atop a silver platter, in an annual ceremony performed since 1816 on or about April 23.[14]
The Sevenoaks Vine Cricket Club in Sevenoaks, England, rents the Vine Cricket Ground from Sevenoaks Town Council at a yearly rent of one peppercorn. It is many years since the club paid only one peppercorn for the rent of the pavilion. The council, in return, gives a new cricket ball to Baron Sackville every year if requested.[15][16]
The University of Bath's main campus is on a 999-year lease from the then Bath City Council. Each year a peppercorn is presented by the Treasurer of the University to the Chairman of the Bath and North East Somerset Council as rent (but also to further the relationships between "town and gown").[17]
Ontario Legislative Building sits on land leased from the University of Toronto by the provincial Crown for a peppercorn payment of CAD$1 per annum on a 999-year term."
ALL FROM
Wikipedia, retrieved 12july2017.
Earlier but late countervailing views appear
here.
There is of course
Black's law Dictionary.
Freshly ground sea salt, anyone?