incurable obsolescence

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.