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LSDefine
Simple English definitions for legal terms
land improvement
Read a random definition: amortizement
A quick definition of land improvement:
Land improvement refers to any addition or change made to a piece of land that increases its value, usefulness, or appearance. This can include things like building a new structure, adding landscaping, or installing utilities like sewers or sidewalks. Some improvements benefit the public, while others are made specifically to benefit the property owner. Valuable improvements add permanent value to the property, while voluntary improvements are made solely for decorative purposes. Improvements can be financed through special assessments or bonds, and a lack of care in managing property can be considered improvidence.
A more thorough explanation:
Land improvement refers to any addition made to a piece of real estate that increases its value, utility, or appearance. This can include permanent or temporary changes to the property.
Examples of land improvements include:
- Adding a swimming pool to a backyard
- Building a new garage or shed
- Installing a new fence or landscaping
- Constructing a new road or sidewalk in a neighborhood
These improvements can be beneficial to the property owner, as they can increase the value of the property and make it more attractive to potential buyers. However, some improvements may also benefit the public, such as a new sidewalk that makes it easier for pedestrians to navigate a busy street.
It's important to note that land improvements are different from fixtures, which are permanent additions to a property that are considered part of the property itself. For example, a built-in bookshelf would be considered a fixture, while a freestanding bookshelf would be considered a land improvement.