Occurs when spending money to improve a property is no longer the best use of the property, or is too expensive when compared to the cost of improving other properties.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Occurs when spending money to improve a property is no longer the best use of the property, or is too expensive when compared to the cost of improving other properties.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.