Physical Deterioration

Concept of Physical Deterioration in the context of Real Property

A short definition of Physical Deterioration: A type of depreciation (loss in value) to improvements caused by wear and tear or lack of maintenance. When economically feasible to correct, it is called “curable”; when not “incurable”.

Concept of Physical Deterioration in the context of Real Property

A short definition of Physical Deterioration: A type of depreciation (loss in value) to improvements caused by wear and tear or lack of maintenance. When economically feasible to correct, it is called “curable”; when not “incurable”.