Waste

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January 1, 1 5 min read Definitions
WASTE
Waste Property Damage Lease Contracts Mortgage Life Estate Property Management Legal Terms Real Estate Law
WASTE refers to property abuse, destruction, or damage caused by a possessor that goes beyond normal wear and tear, affecting the rights and interests of other stakeholders in the property. This is often addressed in mortgage or lease contracts, as well as in life estates.
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