Word of the Week - Betterment

Posted by PTS on 30-01-2012 | 0 Comments

An improvement that adds to the capital value of the structure. A capital value which increases the utility or market desirability of the property. It is distinguished from repairs or replacement by the fact that the original character is improved and the value is increased. A physical change in an existing property or equipment that increases its value or usefulness and is not a mere restoration.

Related Information

Real Estate Registration Courses

Post your comment

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments

Follow Us 02 8303 7073