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 classic literature ?
The beautiful beaches of Points Pedro and Pablo, where are the shrimp-catchers' villages, are made fearful by the stench from myriads of decaying fish, and against this wasteful destruction it has ever been the duty of the fish patrol to act.
Yet, as being ofttimes noxious where they light On man, beast, plant, wasteful and turbulent, Like turbulencies in the affairs of men, Over whose heads they roar, and seem to point, They oft fore-signify and threaten ill.
Thus, we learn the value of the coal we buy; we know to a tee the last penny of cost of every item of production, and we learn which firemen are the most wasteful, which firemen, out of stupidity or carelessness, get the least out of the coal they fire.
And there about "the wasteful woods and forest wide"** he wandered, gathering new life and strength, taking all a poet's joy in the beauty and the freedom of a country life, "for ylike to me was liberty and life,"** he says.
Dorothy packed the rest of the food back into the pail, so as not to be wasteful of good things, and the yellow hen forgot her dignity far enough to pick up all of the scattered crumbs, which she ate rather greedily, although she had so lately pretended to despise the things that Dorothy preferred as food.
Pine-apples are here so abundant that the people eat them in the same wasteful manner as we might turnips.
In regard to politics and even religion he evidently shared the opinion, bred in many of his contemporaries by the wasteful strife of the previous generations, that beyond a few fundamental matters the good citizen should make no close scrutiny of details but rather render loyal support to the established institutions of the State, by which peace is preserved and anarchy restrained.
And of all means to regeneration Remorse is surely the most wasteful.
You that are so wasteful of your buttons," said I, "I can hardly think you would be a good judge of business.
She was possessed by some feverish excitement which made her distressingly loud when she laughed, and sinfully wasteful and capricious in what she ate and drank at lunch.
It was trying to the courage and to the habits, but I had heard of these vast and naked fields, and I came hither to escape the wasteful temper of my people.
said his wife, looking up in alarm; "it's very wasteful, breaking the coal, and we've got hardly any large coal left, and I don't know where the rest is to come from.