Peppercorn Rents.

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M
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Hi at RLA,
The Property I live in at the moment is much to big for my needs.
I have family (a daughter with two very young children)whom I wish to look after the premises whilst I see a bit of the world.
I have in mind to let the premises long term to my daughter on the so called peppercorn rent.
Would you be so kind as to give guidance on the pros and cons of such a venture and the type of leasing agreement that should be used.
Thank you for your attention in this matter.
Regards.
Mike O'connor.
(PS. I will remain a british citizen throughout my galavanting)
04/03/2008 00:00

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