Physical deterioration
A reduction in utility resulting from an impairment of physical condition. For purposes of appraisal analysis, it is most common and convenient to divide physical deterioration into curable and incurable components.
More Real Estate Definitons
Wasting AssetsOvertSettlorShare CropperSuperstructureKilovoltZoneDeflationHighwayTax ShelterRevocableX-BracingRemnantQuadrantYardQuadranglePlyCognovit NoteImplied by LawRock WoolCo-OwnershipQuasi ContractBook CostImplied ListingMillworkAbstractionJudgment DebtorBonus ClauseWild LandZero Lot LineMortgage OutDesigned agencySubdivisionWetlandsNewelQualified FeeGross AreaGardenMortarBrownfieldsUntenantableInure