Incurable obsolescence financial definition of incurable obsolescence
See functional obsolescence.
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
The property must suffer from physical incurable obsolescence
, but is not required to suffer from another form of depreciation.
For this reason, it is often impractical to estimate incurable obsolescence
by capitalizing a rent loss, as The Appraisal of Real Estate suggests.