Actual Age
Barron's Real Estate Dictionary:
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Actual Age
In appraisal, the chronological age of an improvement, as contrasted with its effective age.
Example: Although the actual age of the building was only 5
years, excessively heavy use made it appear much older.
Example: Although the actual age of the building was only 5
years, excessively heavy use made it appear much older.
| Active Solar Heating, Active Participation | |
| Actual Damages, Ad Valorem |
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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