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.

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.

References in periodicals archive ?
A certification institution from the Netherlands has audited our production chain and concluded that we fulfil the requirements for net emission reduction of greenhouse gases at Storoy, which is one of our HUBs in Norway for recycled waste wood.
Lancashire Fuels 4 U Ltd had a planning application to turn recycled waste into biomass fuel granted by Flintshire Council last month.
Plastics recycling charity Recoup said there was a huge international market for recycled waste.
We have plenty of recycled waste and now we are striving to find ways of off-loading it at the right price," he said.
The Minnesota Pollution Control Agency (MPCA) has awarded a $30,000 waste-tire recycling grant to Virtual Industries of Eden Prairie to help the company develop a sewer-access product made with recycled waste tires.
We would like to build several of these highly efficient plants, which run on recycled waste.
The HUB, which handles recycled waste wood products, opened late 2016 and has equipment for shredding, storing and loading of recycled waste wood fuels for the European market.
FIREFIGHTERS were last night still dealing with a huge blaze at a warehouse storing tonnes of recycled waste.
Merthyr Tydfil, which had previously been bottom of the table and faced huge fines for failing to reach legally-binding targets, saw a huge 14% increase in recycled waste in the three months, thanks to a new system introduced.
For every tonne of recycled waste collected, pounds 1 has been donated to Save the Children.
it donates pounds 1 to the fund for every tonne of recycled waste.

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