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An archaic, but widely used, term in land law that means `alteration'. Strictly speaking, `waste' need not be detrimental to the land or property -- improvements are sometimes referred to as `ameliorating waste'.Active alterations to the state of the property are referred to as `voluntary waste'; alterations that follow from an omission to prevent them are `permissive waste'.
These days the term `waste' usually arises in the discussion of a TenantsLiabilityForDisrepair; see that article for more details.
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