Real Property Improvement
/ˈriːəl ˈprɑːpɚti ɪmˈpruːvmənt/
Definitions
- (n.) A physical addition or alteration to real property that enhances its value or utility, including buildings, fixtures, and landscaping.
The installation of a new roof is considered a real property improvement.
Forms
- real property improvements
Related terms
See also
Commentary
Distinguish from ordinary repairs; improvements add appreciable value or extend property life and may have tax or assessment implications.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.