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.

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.

References in periodicals archive ?
The details of the guidelines will be announced only after they are approved by the Director-General of Dubai Municipality Hussain Nasser Lootah, who has been keen on implementing an effective programme to cut food wastage and help the needy, the official said.
Currently, all the wastage in food is resulting in the release of 3.
UNEP and FAO are founding partners of the Think Eat Save-Reduce Your Food-print campaign that was launched earlier in the year and whose aim is to assist in coordinating worldwide efforts to manage down wastage.
The wastage of food starts from the time of purchase until it is cooked.
The Department of Health said the HSE is looking at ways of fixing the huge wastage problem.
CANCER survival rates could be increased by reversing muscle wastage associated with the disease, new research suggests.
8 -- A broken water pipeline in Dhok Kashmirian is causing water wastage of thousands of gallons daily.
For fivedays I set a target tomake anaspect of my home environment greener - ranging from water usage and food wastage to eco-friendly cleaning.
And last night the HSE admitted that it does not even KNOW how much blood it has squandered over the past three years, such is the level of wastage.
James Lowman, chief executive of the Association of Convenience Stores, said that wastage was often a barrier preventing shop keepers from stocking fresh produce .
Advances in sensing technology will help to reduce the wastage from "farm to fork" that is contributing to the UK's 10bn [pounds sterling] food wastage bill, according to the UK's Sensors & Instrumentation Knowledge Transfer Network.
The company is set to reduce its carbon dioxide emissions by 300 tonnes, cut energy consumption by 8% and material wastage by 5% by 2009.