waste

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Related to wastefulness: prodigality, refuse to allow

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 ?
He stressed that what is more serious is that Lebanon was also ranked 139 out of 140 countries in terms of wastefulness of government spending.
But Lewis McGugan (left) punished Millwall's wastefulness and gave the visitors the lead just after the restart.
Blues coach Vieira, however, isn't fazed by The Whites' recent wastefulness and has warned his players -- who beat Iraq 1-0 in their opener -- to be on guard.
Puerto Rico faltered in key areas, including the burden of government regulation, primary education enrollment, and wastefulness of government spending.
Ciro Immobile and Pierre-Emerick Aubameyang struck either side of halftime and the German club would have been more emphatic victors than 2-0 but for the reflexes of Wojciech Szczesny and their own wastefulness.
Ciro Immobile and Pierre-Emerick Aubameyang struck either side of half-time and the German club would have been more emphatic victors than 2-0 but for the reflexes of Wojciech Szczesny and their own wastefulness.
Despite what the scoreline might have read, there wasn't too much between Limerick and the Leesiders last time out and I think they have the ability to punish Wexford's wastefulness which has dogged them in spite of their remarkably successful campaign.
AZ couldn't convert their dominance into goals during a 0-0 stalemate in the first leg of this Eredivisie final, and in-form Groningen look likely to punish them for their wastefulness to secure the final Europa league place.
There are a lot of inefficiences and absolute wastefulness in local government along with grotesque salaries for those serving at the top and middle levels of local government management.
China's blogosphere jumped on these statistics, prompting a new campaign that Chinese social media is calling "Operation Empty Plate," calling not only for China's wealthy to scale back wastefulness but for everyone to take part.
The PS20m signing has been held up as an example of Liverpool's transfer market wastefulness in the last few years.
Macclesfield goalkeeper Lance Cronin made good saves from Rafael de Vita, Andy Williams and Gary Roberts, but Swindon paid for their wastefulness.