Wear And Tear
The deterioration or loss in value caused by the normal and reasonable use of the property. In leases, the tenant is not usually responsible for "normal wear and tear".
More Real Estate Definitons
WarrantManagement FeeHouse RulesKeogh PlanX-BracingFramingInsolvencyZero Side YardOne Hour WallImplied grantKnotArbitrary MapWaiveDemising WallZero Lot LineQuayZygocephalumImplied NoticeKiloExteriorOriginal CostForeshoreCycleIslandTax BaseGift LetterCensus TractBrokerageFooterBase MapKite WinderWillDikeQuiet EnjoymentE & O InsuranceBiannualDeckLeaseholdYieldDescentBalloon NoteTandem Plan