Property depreciation refers to the decrease in the value of a property over time. It occurs due to factors like wear and tear, aging, and obsolescence. Essentially, it means that the property is losing its worth and becoming less valuable as time goes on.
Full definition
Synonyms for individual words can be found below.
«property»
«depreciation»
Sentences with «property depreciation»
- I have a question about filing rental property depreciation? (justanswer.com)
- Is this roughly the same with commercial property depreciation? (biggerpockets.com)
- Despite property depreciation and high foreclosure rates, more county governments nationwide are either planning or have already approved property tax hikes this year. (realtormag.realtor.org)
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