Sentences with phrase «functional obsolescence»

You will also discuss functional obsolescence — something that works but is out of date.

Properties are older, with no amenities, have high deferred maintenance, functional obsolescence (small, one bathroom), and the tenant base can be very challenging and very management intensive.

Problems arise when the subject has improvements, upgrades, amenities, deferred maintenance, set backs or functional obsolescence.

It's critical for owners to identify both economic and functional obsolescence in order to fight unfair property tax assessments.

I since have learned how to handle «functional obsolescence».

Understanding both economic and functional obsolescence is essential to properly evaluate tax assessments for...

It's critical for owners to identify both economic and functional obsolescence in order to fight unfair property tax assessments.

Not exact matches

Assessors are more likely to value properties deemed to be special - purpose with primary reliance on the cost approach, with its inherent difficulties in accurately measuring all forms of depreciation and obsolescence, both functional and economic.