Legal (Law): 1. Of minimal importance or significance. Minor issues that are too trivial to be considered by a court of law. An example of a de minimis issue is an act that is technically a violation of a contract, but causes no harm or damage and does not alter the fundamental nature of the agreement. Real Estate 2. A property that derives little or no value from on-site facilities or amenities.
Terms, Definitions, and Concepts: Appraisal, Auction, Finance and Investment, Legal (Law), Management, Real Estate, Taxes and Taxation