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 ?
A wastage rate of 20% is assumed in the transfer from the primary to the secondary level, thus 80% will be provided for at the second level of education.
We are involved, since day one, on food wastage and food wastage prevention," Ali Dorra, Tawlet's manager, told The Daily Star.
Keywords: Open Vial Policy (OVP), Vaccine Wastage Rate (WR), Vaccine Wastage Factor (WF), Pentavalent Vaccine
Wastage of vaccines during immunisation programmes is as high as 50% due to freezing or exposure to heat ; Thermostable formulations are ideal for Indian conditions where temperatures can soar very high in some parts of the country ; In 2014, Hilleman had initiated R& D of thermostable formulations of oral rotavirus vaccine, which offered longer stability of the vaccine even in varying temperature ; Though India is world's largest manufacturer for vaccines, yet the country has the largest number of unimmunised children at close to seven million ; Vaccines are procured by the govt and supplied to states.
Perhaps we just need to start at home and look at our own food wastage, we might be surprised at what we find.
And what we fail to realise is that this wastage, not only has an economic cost to it but an even larger ecological and social cost attached to it.
Tesco, UK's biggest retailer has decided to cut nearly 60,000 tonnes of food wastage by its suppliers and shoppers each year to help tackle a growing environmental problem.
Beyond its environmental impacts, the direct economic consequences to producers of food wastage (excluding fish and seafood) run to the tune of $750 billion annually, FAO's report estimated.
Globally speaking, it is feared that food wastage could be as high as 50%.
According to "Medication Days' Supply, Adherence, Wastage and Cost Among Chronic Patients in Medicaid," published in Medicare and Medicaid Research Review last fall, Medicaid patients across four therapeutic categories experienced better adherence with 90-day medication supplies than with 30-day refills.
One must consider that when food is wasted, also a lot of valuable resources like land, water, energy, fertilisers, pesticides, labour and capital are wasted; making it an all-encompassing wastage of precious natural resources.
I am absolutely disgusted at such wastage, as many others in Wales were, too.