Outrageously Funny Word Dictionary :: Wardage

👉 The term "wardage" is a legal concept that refers to the cost of maintaining an asset or property, such as a building, for a specified period. It is calculated by subtracting the value of the asset at the end of its useful life from its original purchase price or market value. In the context of real estate law, wardage can be determined under various circumstances, including: 1.

Property Sale

: In some jurisdictions, property owners must account for their property in order to determine

wardage