Waste
(1) A destruction of property by one who holds possession rightfully, but either is not the owner or does not own the property free and clear. (2) A change made in property, even if the value is increased by the change. This is called ameliorating waste.
More Real Estate Definitons
Breast-HeightX-BracingOriginationKilnVacancyZero Side YardYard LumberQualified FeeBusiness CyclesRegisterJumbo LoansVacateHospitalBootEquipmentTonKioskAd Valorem taxWaterproofWeatherstripsKnock DownBuydown AccountJanitorCubic ContentBudget loanWeep HolesAcid Test RatioLong-Life PartsPositive SpreadConduit SystemGlazed BrickQuasiNon-homesteadRentZygocephalumSubstitutionDecibelSewageDirect LossGlassValveKey Tenant