Today’s Technical Term - Actual Age

The number of years a structure has been standing. The actual age of a house (Property) is its chronological age. Effective age refers to the state of the property. For example, a house with an actual age of 15 years may have an effective age of 25 years if maintenance have not been performed well.
Share:

No comments:

Post a Comment

Popular Posts

Blog Archive

Recent Posts

Featured Post

Dr. Manmohan Singh, a distinguished economist and former Prime Minister of India

Dr. Manmohan Singh, 1932-2024 a distinguished economist and former Prime Minister of India Economic Liberalization of (1991): As Finance Min...