waste

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Related to Nuclear waste: Yucca Mountain, Nuclear waste disposal

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 ?
West Texas nuclear waste project on hold -- for now
Appropriations from the Nuclear Waste Fund that have already been collected should go to support a review of the Yucca Mountain license application, NARUC said.
Despite the controversy Yucca Mountain sparks, there is consensus on one inescapable fact: Tons of nuclear waste need a permanent home, and more is coming.
Geographically, the report segments the global nuclear waste management market into Europe, North America, Asia Pacific, and Rest of the World (RoW).
Professor Hasan Saygyn of ystanbul Aydyn University, confirming the contamination caused by nuclear waste buried in Isparta and its surroundings, stated that the people were victims of the gap between legal regulations and practices regarding the disposal of toxic waste.
In the United Kingdom, information on technical solutions to the problem of nuclear waste are obtainable from UK NIREX, Harwell, Oxon, OX11 0RH or at www.nirex.co.uk.
BOTH the Scottish Government and Westminster need to look again at the decision to store nuclear waste at Dounreay.
The Yucca Mountain repository is designed to provide a permanent solution for managing nuclear waste, minimize the uncertainty of future waste safety, and enable DOE to begin fulfilling its legal obligation under the Nuclear Waste Policy Act to take custody of commercial waste, which began in 1998.
Scientific basis for nuclear waste management XXXII; proceedings.
President Barack Obama's administration has decided it wants to terminate the Yucca Mountain nuclear waste storage facility project officially.
"The Yucca Mountain program will be scaled back to those costs necessary to answer inquiries from the Nuclear Regulatory Commission, while the administration devises a new strategy toward nuclear waste disposal," according to a budget summary released in March.

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