Waste

Question 1

Name of 3 forms of waste

Answer 1

1) Voluntary/Affirmative Waste
2) Permissive Waste
3) Ameliorative Waste

Question 2

Voluntary/Affirmative Waste

Answer 2

Actual, overt conduct that creates more than a trivial decrease in value

Question 3

Permissive Waste

Answer 3

• Land falls into despair or the life tenant fails to reasonably protect the land
• Standard = life tenant must maintain the premises in a reasonably good state

Question 4

Ameliorative Waste

Answer 4

Those renovations or transformations of property that work to increase the premise’s value