A reduction in a property's value resulting from a decline in physical condition; can be caused by action of the elements or by ordinary wear and tear.
Related information about physical deterioration:
- What is physical deterioration? - BusinessDictionary.com
Definition of physical deterioration: Loss in the value of assets, commodities, goods, materials, etc., due to exposure to the elements and wear and tear ...
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Loss of value from all causes of age and action of the elements. Sources of physical depreciation include breakage, deferred maintenance, effects of age.
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Definition of physical deterioration: A reduction in a property's value resulting from a decline in physical condition; can be caused by action of the elements or by ...
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