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Topical Terminology > Wear And Tear



2 Definitions

Wear And Tear

For Wear And Tear we have terms and definitions in 2 topics. The topics are Commercial Real Estate and Real Estate.



Wear And Tear (Commercial Real Estate)

Deterioration of space due to occupancy.


Wear And Tear (Real Estate)

The deterioration or loss in value caused by the normal and reasonable use of the property. In leases, the tenant is not usually responsible for normal wear and tear.




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