betterment

(redirected from Betterments)
Also found in: Dictionary, Thesaurus, Legal, Financial.

betterment

Property law an improvement effected on real property that enhances the value of the property
References in periodicals archive ?
He said the incumbent government took various steps for bringing betterment in Hajj and Umrah services under a vision that Hajj and Umrah was a religious obligation and improvement in this regard was not responsibility of a single party.
The betterments approved by selectmen are $2,372 for 65 lakefront properties and $1,186 for 14 who have access by right.
When the town valued the lots for the assessment of the land use change taxes, the valuations reflected the enhanced value to the lots from the betterments that served them.
According to the American Association of Managing General Agents; "Your use interest as tenant improvements and betterments (emphasis mine) is what becomes important when you consider valuation.
Further, these expenditures did not result in betterments made to increase a property's value.
Proponents of the first view suggest a distinction be made between costs for repairs, which should be expensed, and betterments, which should be capitalized.
Several small business owners complained that their betterments are disproportionately high when compared with those of nearby residences, although they use comparatively small amounts of water.
263(a) provides, generally, that no deduction shall be allowed for any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate, subject to certain exceptions.
Public Meeting with Respect to Betterments The purpose of the meeting is to explain and respond to questions regarding water betterments, 6-8 p.
The following story was published in The Banner on 03/03/2011: Final sewer betterments in West Boylston will reflect a credit/reduction of $55.
WORCESTER - With the cost of infrastructure improvements becoming prohibitive for many residents, the City Council is looking to provide some relief by making the repayment schedule for those betterments more palatable.
We won't get our fee cost back for the estimated betterments, but we will get it right this time," said Mr.