External Obsolescence definition

External Obsolescence means impairment of desirability or useful life arising from factors external to the property, such as economic forces or environmental changes which affect supply-demand relationships in the market. Methods to measure economic obsolescence include:
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External Obsolescence means impairment of desirability or useful life arising from factors external to the property, such as economic forces or environmental changes which affect supply-demand relationships in the market. MThe methods to measure economic obsolescence may include, but are not limited to:
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External Obsolescence means the diminished utility of a structure on a parcel due to negative influences exterior to subject parcel, and which conditions are usually incurable on the part of the land owner, landlord, or tenant and is further described in Appendix H of this Feasibility Study.
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Examples of External Obsolescence in a sentence

  • Economic (External) Obsolescence It should be noted that gains or losses in value caused by externalities accrue to both land and buildings.

  • External Obsolescence VALUATION: (CONT'D.) -------------------------------------------------------------------------------- CURABLE PHYSICAL DETERIORATION: ------------------------------ The subject property is approximately ten and one-half years old, is of good quality construction and is in generally good condition.

  • Topics have included: “Impact of Differing Expense Frameworks on the Capitalization Rate”, “Impact of a Fuel Oil Spill on Residential Property”, “Corridor Valuation”, “Extracting Capitalization Rates for Single- and Multi-Family Dwellings”, “The Pitfalls of Expensing Capital Items”, “The Impact of Access on Visibility & Price”, “A Case Study in ATF Valuation”, and “Extracting External Obsolescence from Comparable Sales”.