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waste

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Waste

In real estate, a change in a property's value caused by a lessee or another person who has possession but no ownership rights. Waste usually results in a reduction in the property value, for which the owner ordinarily is entitled compensation. Waste may be positive or negative; positive waste results from the possessor's act, while negative waste results from his/her omission. An example of the former is destroying the floor with a sledge hammer, while an example of the latter is neglecting a termite infestation for so long that the floor collapses.
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waste

An abusive or destructive use of property by someone who is entitled to possession but who does not have complete ownership rights, such as a tenant, mortgage borrower, or a joint owner.Waste is more than normal wear and tear and implies neglect or misconduct. Contrast with trespass, which is damage by one who is not entitled to possession.There are three types of waste:

1. Voluntary waste (also called affirmative waste) is an intentional change to property resulting in damage to the property.

2. Permissive waste (also called negligent waste) is a failure to maintain property, so that it deteriorates in value.

3. Ameliorative waste occurs when the changes increase the value of the property. In some jurisdictions, a court will still award damages because the owner is entitled to have its property remain in the same condition, without being subjected to others' opinions regarding whether it was improved or not. Other jurisdictions refuse to allow damages, finding that the owner has been benefited by the actions.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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References in periodicals archive
Band H: CouncilTax PS3141.46; water charge PS411.12; waste water charge PS477.36; total PS4029.94.
The waste water is then passed through a Submerged Air Filter (SAF) and a Rotating Drum Microscreen before being discharged through a V-Notch where the quality of the treated water is continuously monitored.
Converted Organics' facility will evaporate 15,000 gallons of waste water per day with zero-liquid- discharge.
From a sectoral point of view, it was seen that out of the amount of waste water discharged to the environment, 51% was discharged by thermal power plants, 35.7% by municipalities, 9.6% by manufacturing industry establishments, 2.3% by villages, and 1.5% by organized industrial zones.TurkStat compiles data from municipalities, villages, manufacturing industry establishments, thermal power plants and organized industrial zones within the scope of water and waste water statistics.
European environment commissioner Stavros Dimas said: "More attention needs to be paid to upgrading collecting systems to ensure full compliance with EU legislation on waste water treatment."
More than 31,000 metres of waste water network lines have been maintained till the end of the second quarter of 2009, out of 50,000 metres which Haya intends to maintain during 2009.
'We have identified three main areas in the manufacture of olive oil that are responsible for the pollution -- waste water disposition and solid waste, water consumption and electricity.'
"It is potable technically but not psychologically," said Mohammad Abdul Aziz Najem Al Awadi, Director of Waste Water Treatment, at Dubai Municipality.
The scheme will help improve the performance of waste water treatment in the Amlwch and Llaneilian areas.
NORDIC BUSINESS REPORT-13 December 2006-European Commission takes Finland, Sweden and Portugal to court over waste water treatment(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
A Staffordshire-based waste water treatment specialist is celebrating after the value of its projects for Scottish Water passed the pounds 1 million mark.
waste water pounds 299.25; combined pounds 563.85 BAND H: Water 317.52, waste pounds 359.10 combined pounds 676.62.
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