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BASIC REAL ESTATE CONCEPTS - Superior School of Real …
www.superiorschoolnc.comBASIC REAL ESTATE CONCEPTS KEY TERMS appurtenance bill of sale chattel deed hereditaments highest and best use immobility improvements indestructibility land use controls land ... confuse economic obsolescence with physical depreciation, which is a loss in value from deterioration of the improvements on the property itself (see Chapter 13). ...