Warning
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Warning
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Simple English definitions for legal terms
Waste
Read a random definition: prepaid expense
A quick definition of Waste:
Term: Waste
Definition: Waste is when someone who is taking care of a property, like a tenant or a life tenant, does something bad to the property. This could be breaking things, ruining things, or changing the property in a way that can't be fixed.
A more thorough explanation:
Waste
Waste is when someone who is in possession of a property, such as a tenant or a life tenant, damages, destroys, or alters the property in a way that is permanent or harmful to the property's value.
- A tenant who punches holes in the walls or damages the flooring of a rental property is committing waste.
- A life tenant who cuts down all the trees on a property, causing erosion and damage to the land, is committing waste.
These examples illustrate how waste can occur in different ways, but they both involve someone who is in possession of a property causing damage or harm to it. This can result in a decrease in the property's value and can be a violation of the owner's rights.