PHYSICAL DEPRECIATION OR DETERIORATION RETOTD Episode 00137

Share

Real Estate Term Of The Day Logo

PHYSICAL DEPRECIATION OR DETERIORATION
A form or source of accrued depreciation considered in the cost approach to market value. The physical decay or deterioration of a property that may result from breakage, deferred maintenance, effects of age on construction material, and normal wear and tear. (Barron’s Dictionary of Real Estate Terms)

Share