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 ?
When we reached the grave, it looked a very little spot in that snow-covered waste.
Umslopogaas listened, but he made no answer to the words of Faku the captain, though he liked them well, for he would not waste his breath in talking, and the light grew low.
I who am doomed to waste my Days of Youth and Beauty in an humble Cottage in the Vale of Uske.
Now the white road to Delhi is mat for his feet, The sal and the kikar must guard him from heat; His home is the camp, and the waste, and the crowd-- He is seeking the Way as bairagi avowed!
In dying, do they not rather waste away mournfully, rendering unto God, little by little, their existence, as these trees render up shadow after shadow, exhausting their substance unto dissolution?
Ferguson, forcing the dilation of his aerial craft to the utmost, sought for other currents of air at different heights, but in vain; and he soon gave up the attempt, which was only augmenting the waste of gas by pressing it against the well-worn tissue of the balloon.
He was probably a worthy member of society, a good husband and father, an honest broker; but there was no reason to waste one's time over him.
I say don't let's waste this beautiful day in looking for rooms.
It shakes me too much," he said, "and it's only a waste of strength.
Vasili Andreevich rode for about five minutes straight ahead, as he thought, seeing nothing but the horse's head and the white waste, and hearing only the whistle of the wind about the horse's ears and his coat collar.
At the edge of this awful waste was a large, white sign with black letters neatly painted upon it and the letters made these words:
Mightily obliged to you--awful waste of ammunition, really.