Spiderman said:
'consideration' appears to be a term used by either high-falutin professionals or genteel circumlocutors who cannot bring themselves to mouth such plain and vulgar terms as 'amount', 'cost' or 'price' ; )
Peter
PS: Then there's 'marketing' which sounds posher than 'selling'!
Sorry Arachnid Homo Sapien oops I mean Spiderman (doing it again!!)
I did not mean to sound like a "high-falutin professionals or genteel circumlocutors" as you put it.
I was refering to the way it is stated on the Transfer dealing form , yes consideration does mean amount paid for the property $$$
MMerlin "consideration does not always have to be stated"
The purchase price may not always be stated on a Tranfer for many reasons including a high profile person (Movie star, Politician, High court judge)trying to keep the details from being known to the general public, A Company selling to another Company (they also own) or to the Director/Secretary's private names.
It could also be transfered for Love and Affection or perhaps due to divorce, transfered to another family member.
It would be rare though for the amount paid for the property not to be shown, but I would hate to say you would always find out the information by searching the public record.
"the main consideration"
In some cases money may be paid for the property and shown on the Transfer but a seperate amount may of been paid for floor stock (shop) farming equipment,advertising space, truck/forklift as an example.
Hope this helps
Simon H
