incurable obsolescence
incurable obsolescence
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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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.
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