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 ?
The European Commission approved the two stages of the waste management system in 2011 and in 2012.
Aldar will cooperate fully with the CWM and provide all the information required for the new waste management system.
Once municipalities have determined the environmental burdens of their current waste management systems, they are able to input theoretical changes to those systems (i.
have joined forces, establishing the joint venture, HVS-R/E Hospitality Waste Management Systems, to enable the hospitality industry to slash its waste costs.
The contract is to service municipal waste management system - ensuring the collection and transport of municipal waste.
The Waste Management System provides total visibility across the production facility, enabling customers to determine which machines are generating the most wase, or to focus on staff training issues and other areas for improvement.
Hansen, Professor, Utah State University, Departments of Biological and Irrigation Engineering and Nutrition and Food Services, presented a report on the Environmental Products & Technologies Corporation (OTC Bulletin Board: EPTC) Closed-loop Waste Management System Bioreactor.
The Marine Protection, Research and Sanctuaries Act of 1972, also known as the Ocean Dumping Act, was enacted to establish a comprehensive waste management system to regulate disposal or dumping of all materials into marine waters that are within U.
Vasileva inspected Thursday the progress of the implementation of the regional waste management system in Pernik.
According to Mears, the average targeted dairy in the United States will require one or two of the Bioreactor units that serve as the core of EPTC's proprietary Closed-Loop Waste Management System.
The Calabasas landfill serves six cities including Malibu and Calabasas, portions of the City of Los Angeles, and part of unincorporated Los Angeles and Ventura Counties and is integral to the area's solid waste management system.
1 / 2F / 09-11-2012-0007 ID) project entitled "Development of municipal solid waste management system in the South-East Great Plain Regional Waste Management System Aiming at the establishment, Association of Local Governments in the field" to implement procurement of waste treatment facilities required.

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