waste n
1: destruction of or damage to property that is caused by the act or omission of one (as a lessee, mortgagor, or life tenant) having a lesser estate and is usu. to the injury of another (as an heir, mortgagee, or remainderman) with an interest in the same property
an action for waste
ame·lio·rat·ing waste /ə-'mēl-yə-ˌrā-tiŋ-/: waste that leads to improvement of property (as by clearing the way for rebuilding something) – called also ameliorative waste;
permissive waste: waste caused by the failure of a tenant to take ordinary or proper care of the property
voluntary waste: waste caused by the intentional commission of a destructive act by a tenant
2: a reduction of the value of assets (as in a trust) caused by a failure to exercise proper care or sound judgment in managing them; esp: a transfer of corporate assets (as through excessive executive compensation or a merger) for no legitimate business purpose or for less than what a person of ordinary sound business judgment would consider to be adequate consideration
the essence of a claim of waste of corporate assets is the diversion of corporate assets for improper or unnecessary purposesMichelson v. Duncan, 407 A.2d 211 (1979)
◇ Waste injures the interests of shareholders.

Merriam-Webster’s Dictionary of Law. . 1996.

I noun careless loss, consumption, depletion, diminution, dispendium, dispersion, dissipation, effusio, excessive use, exhaustion, expenditure, extravagance, ill-usage, improvidence, intemperance, lavishness, misapplication, misemployment, misusage, misuse, prodigality, profusion, ruination, squandering, sumptus, unnecessary loss, unthriftiness, useless consumption, wanton destruction, wastage, wastefulness, wasting associated concepts: economic waste, permissive waste, voluntary waste, waste of public property, wasting assets II index barren, bleak (exposed and barren), consume, consumption, decrement, degenerate, deplete, destroy (efface), deteriorate, diminish, discard, dissipate (expend foolishly), erode, erosion, exhaust (deplete), expend (consume), havoc, impair, lose (be deprived of), loss, misapplication, misemploy, mishandle (mismanage), mistreat, pillage, prey, prostration, spoil (pillage), spoilage

Burton's Legal Thesaurus. . 2006

(1) The act of using something carelessly for no good reason.
(2) The things left over from producing something, which have no value and must be disposed of.
(3) Damage to or neglect of property by a life tenant that reduces the property’s value.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

Damage to real estate by a tenant that lessens its value to the owner or future owner. An owner can sue for damages for waste, terminate the lease of a tenant committing waste, or obtain a court order against further waste.
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.

n. Permanent harm done to real property by a person or persons in legal possession of that property (such as a tenant), such that the property's value to its actual owner or future inheritor is diminished. The legal possession part is critical in distinguishing waste from trespass.
@ ameliorating waste
An unauthorized physical change of an occupied structure by a tenant that, while technically waste, actually increases the value of the property, such as tearing out old carpeting and putting in new, better quality carpeting. Such an act is rarely considered grounds for liability.
=>> waste.
@ equitable waste
Damage done by a lifelong tenant who normally would be unchallengeable, but who may be enjoined by the court using the standard of variance from what a prudent man would do with his own property.
=>> waste.
@ hazardous waste
By-product of certain industries or activities, determined to be of unusually dangerous nature, e.g., radioactive waste, generally subject to special rules of disposable and/or recycling.
=>> waste.
@ permissive waste
Damage done by a tenant's failure to make reasonable repairs that he might normally be expected to see to, such as allowing water to accumulate in a leaky basement over the course of years.
=>> waste.
@ voluntary waste
Damage directly caused to the property by a voluntary act of the tenant, such as filling in drainage ditches or punching a hole in the roof.
=>> waste.

Webster's New World Law Dictionary. . 2000.

Harmful or destructive use of real property by one in rightful possession of the property.

Dictionary from West's Encyclopedia of American Law. 2005.

Harmful or destructive use of real property by one in rightful possession of the property.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

   1) any damage to real property by a tenant which lessens its value to the landlord, owner or future owner. An owner can sue for damages for waste, terminate a lease of one committing waste and/or obtain an injunction against further waste.
   2) garbage, which may include poisonous effluents.

Law dictionary. . 2013.

Игры ⚽ Нужно решить контрольную?

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