Permissive Waste
Permissive waste is failure to maintain the estate, both physically and financially. Rather than requiring some bad act on the part of the tenant, this requires the failure to maintain ordinary repairs, pay taxes, or pay interest on the mortgage by the life tenant or the lessee of a leasehold estate.
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Famous quotes containing the word waste:
“For intellect is a mansion where waste is without drain....”
—Allen Tate (1899–1979)