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 ?
This month, Jaidah Group will join the likes of the British, French and American embassies, HSBC, QIB, Qatar University, Vodafone Qatar and Hamad Hospital in having its waste paper recycled.
Across the year, around 60 percent of the UK's waste paper is collected for recycling or other waste management schemes, which equates to around 8 million tonnes.
Introduce legislation to enforce minimum contents of waste paper recycling.
Collections take place every two weeks and the waste paper is delivered to a mill in Ellesmere Port.
The Government insists the aim of the handout is to increase the rate of waste paper recycling in line with EU waste management policy.
Today's waste paper bin is super-easy and you don't have to go for Rachel's gold option, you can paint the bin in any shade to suit your colour scheme.
At the moment the market for waste paper is low so we have to pay for it to be taken away.
Tree-free paper doesn't, and shouldn't, replace post-consumer waste paper.
Retailers are accustomed to selling the huge volumes of waste paper and cardboard they generate to the waste paper recycling industry.
In 1990, only a small portion of the mixed waste paper produced in the U.
DE-INKING - to make bright white paper from waste paper that has been printed, the inks have to be removed and disposed of.
Forest Service recently researched what would happen to the nation's forests if recycling of all waste paper including newsprint) increased to 39 percent of all fiber used in making paper.