An example of waste as used in real property law would include:
A)the failure to repair a building.
B)neglect of an adequate conservation policy.
C)not collecting rents as prescribed by contract.
D)Both (a) and (b) are correct.

Question

Quizplus · Accepted Answer

Waste in real property law refers to any action or omission that results in damage, destruction, or deterioration of the property's value. Both failure to repair a building and neglect of an adequate conservation policy can lead to waste. Not collecting rents is not an example of waste, but it may be a breach of contract.

An Example of Waste as Used in Real Property Law