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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
M2 PRESSWIRE-September 4, 2019-: Medical Waste Management Market to Grow at $33.4 Billion by 2025 | Key Players - Remondis Medison GmbH; Republic Services, Inc.; Sharp Compliance, Inc.; Stericycle, Inc.; Waste Management, Inc.
All other hospitals are sending their medical waste to private contractors and there has been no check and balance on how this waste will be used.
Also, in 2016, residents from Kfour and Nabatieh in south Lebanon thwarted an attempt by four large trucks to dump medical waste in the village's closed landfill.
Chong Hua failed to file manifest forms for its treatment and disposal of healthcare waste and allowing the use of pull-out documents as proof of hauled medical wastes instead of using the prescribed manifest forms version 2018 pursuant to DENR Administrative Order 2013-22.
When Justice Ahsan said, 'We have given you till December 2019 to ensure proper disposal of medical waste', the provincial health secretary said, 'We will try our best to make sure the matter is resolved by June next year.'
He said he learned about the medical waste on July 10 and had since forbidden the hauler from bringing in more wastes.
The Limassol municipality warned that in cases where it finds medical waste in the rubbish, it will not collect it and will take all appropriate measures to protect its personnel, including judicial measures.
According to the company, it operates the only fully permitted "high heat" treatment facility in California for all categories of medical waste, pharmaceutical, pathological, trace chemo, sharps and biohazardous materials.
"The forum comes within the framework of cooperation and coordination between the municipality represented by the Waste Management Department and companies engaged in the production, collection and transport of hazardous and medical wastes in order to support the government goals and agenda and to enhance communication with the various categories of customers," he said.
Envirolaska's USPS-authorized solutions are launched through distribution agreement with Texas-based, PureWay Compliance, a market leader in return mail medical waste disposal solutions across the Lower 48.
[1,2] Hospital waste is classified as medical waste, chemical waste, radioactive waste, cytotoxic waste, pharmaceutical waste and general waste.

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