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cost to cure

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cost to cure

The amount of money necessary to remedy something that is depressing the value of real property. If the cost to cure a parking lot filled with potholes is $12,000, but the current parking lot condition depresses the value of the property by $20,000, then the defect is said to be curable.



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A cost to cure damages to a remainder is an appropriate remedy when the deficiency suffered can be physically and economically corrected.
Focusing on larger parcels, uneconomic remnants, cost to cure, and severance damages, the course discusses the qualifications, roles, and responsibilities of the review appraiser from pre- to post-appraisal activities.
[30] Recent Case Law The following recent cases highlight the success some taxpayers have experienced in reducing their assessments based on cost to cure and stigma arising from environmental contamination: In Westling v.
 
 
 
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