@Carl wrote:
Everything they talk about they refer to as a "betterment", and in all the examples used, it does one of two things.
- Adds real value to the property, or;
- Maintains a value that could potentially be lost.
So to keep it as simple as possible, a property improvement adds real value to the property.
Yet, nowhere in the link you provided is "real value" nor "become a material part of" mentioned.
In fact, "material" is used consistently in a totally different context than you use that word in your post; it refers to "significant" or "substantial".
"Real value" is a completely ambiguous term. There are a plethora of "improvements" that various real estate owners make that either add no value or actually lower the value of the property. To take that to the extreme, adding a walk-in closet in the master bedroom is definitely an improvement but probably does not add any "real value" if the space converted to the closet was the master bathroom.
The point is you are the one who put those words together, not any governmental authority.
@Carl wrote:
Since the $25K thing seems to be getting under your skin, I've added it to the boilerplate.
BTW - have you ever heard of the "Oxy-Moronic Rule Set"?
If you are going to insert a bunch of boilerplate, then I suppose it is a good idea to get the law correct for the sake of completeness and accuracy.
On a final note, I am aware (a) that the word "oxymoron" is not hyphenated and (b) when to use the words "weather" and "whether" (hint: default to "whether" unless you are posting on Intuit's TurboWeather Community).
