Definition of "Waste"

Danny  Michael real estate agent

Written by

Danny Michaelelite badge icon

HomeSmart

Misuse, alteration, destruction, or neglect of land by an individual right-fully in possession that breeds a significant and permanent reduction of its value to the legal interest owned by another individual.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Personal income minus personal income tax payments and other government deductions. It is the personal income available for people to spend or save; also called take-home pay. It may be a ...

Claim of a person or business to real property such as by exercising an option. ...

The construction of stone or block walls without using concrete or mortar. Drywall construction is a traditional building technique used for stone field wall construction. Newer building ...

Judicial order prohibiting a person or business from doing something. The court may issue this dictate when unlawful conduct or activity is occurring. ...

Pipes from a structure to a sewer for the purpose of sewage disposal. ...

Document evidencing the passage of title to a purchaser of property sold for taxes. The tax deed is issued upon foreclosure of the property lien. Typically, there is a grace time period ...

The definition of population density is a way to measure the number of populations in a specific area. The method of calculating population density is by the number of people per square ...

Oral defamation of the character or reputation of another. It is the basis for a lawsuit. ...

Aluminum or metal treated barrier that is placed between the concrete and wood of the foundation of a newly constructed building to prevent termites from infesting the wood. Many experts ...

Popular Real Estate Questions