Nominal Consideration

Concept of Nominal Consideration in the context of Real Property

A short definition of Nominal Consideration: Consideration in name only, and not related to the market value of the property. Still considered valuable consideration and the purchaser is considered a purchaser for value.

Concept of Nominal Consideration in the context of Real Property

A short definition of Nominal Consideration: Consideration in name only, and not related to the market value of the property. Still considered valuable consideration and the purchaser is considered a purchaser for value.