Actual Age

As opposed to effective age. The objective age in years of a building measured simply by the passage of time since it was constructed. Effective age is a subjective measurement of the condition of a building, influenced mostly by the maintenance and upkeep carried out on the building over the years.

The number of years a structure has been standing.

Related Terms:

  1. Abut
  2. Actual Cash Value
  3. Actual Damages
  4. Actual Eviciton
  5. Actual Possession

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