Term | Definition |
---|---|
Functional Obsolescence (Désuétude fonctionnelle) |
Functional Obsolescence is recognized as a loss in utility or value caused by factors inherent within a building structure such as changes in construction materials and techniques, which result in excess capital costs in existing facilities; less than full use of space; or inability to expand or update the property. Changes in building designs, clear height and column spacing can also cause functional obsolescence.
|
88 Prince Street, Suite 201
Montreal, Quebec H3C 2M8
Tél: 514.844.4431