improvement

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improvement

n. any permanent structure on real property, or any work on the property (such as planting trees) which increases its value.

improvement

noun amelioration, betterment, change for the better, melioration, recovery, rehabilitation
Associated concepts: improvement bond, improvement district
See also: advance, advancement, advantage, amendment, augmentation, behalf, benefit, betterment, boom, change, correction, development, edification, growth, headway, increase, panacea, profit, progress, promotion, prosperity, reform, rehabilitation, renewal, reorganization, repair, revision, revival

IMPROVEMENT, estates. This term is of doubtful meaning It would seem to apply principally to buildings, though generally it extends to amelioration of every description of property, whether real or personal; it is generally explained by other words.
     2. Where, by the terms of a lease, the covenant was to leave at the end of the term a water-mill with all the fixtures, fastenings, and improvements, during the demise fixed, fastened, or set up on or upon the premises, in good plight and condition, it was held to include a pair of new millstones set up by the lessee during the term, although the custom of the country in general authorized the tenant to remove them. 9 Bing. 24; 3 Sim. 450; 2 Ves. & Bea. 349. Vide 3 Yeates, 71; Addis. R. 335; 4 Binn. R. 418; 5 Binn. R. 77; 5 S. & R. 266; 1 Binn. R. 495; 1 John. Ch. R. 450; 15 Pick. R. 471. Vide Profits. 2 Man. & Gra. 729, 757; S. C. 40 Eng. C. L. R. 598, 612.
     3. Tenants in common are not bound to pay for permanent improvements, made on the common property, by one of the tenants in common without their consent. 2 Bouv. Inst. n. 1881.

IMPROVEMENT, rights. An addition of some useful thing to a machine, manufacture or composition of matter.
     2. The patent law of July 4, 1836, authorizes the granting of a patent for any new and useful improvement on any art, machine manufacture or composition of matter. Sect. 6. It is often very difficult to say what is a new and useful improvement, the cases often approach very near to each other. In the present improved state of machinery, it is almost impracticable not to employ the same elements of motion, and in some particulars, the same manner of operation, to produce any new effect. 1 Gallis. 478; 2 Gallis. 51. See 4 B. & Ald. 540; 2 Kent, Com. 370.

References in periodicals archive ?
However, where the client has owned the land for more than one year, the land's sale gain still can be taxed at long-term capital gain rates, even if the building improvements are not completed by the closing of the sale.
Tedom is in the business of loaning money to finance residential and commercial building improvements.
The WPCP is currently in need of: - Building improvements to Eads Street - Secondary Clarifier rehab/replacement - Solids management planning - Capital master planning
The New York state Court of Appeals will hear a case tomorrow on whether landlords are allowed to deregulate rent-controlled apartments while receiving J-15 tax abatements for building improvements.
CASH for school building improvements intended for next year is to be given to Coventry schools this year.
Commercial Improvement Area Grant The grant assists with costs for external building improvements.
Most of the company's equipment was leased or rented, Hubley says, but Spectrum made some building improvements, installing an air-filtration system and floor drains according to Ministry of Environment specifications.
Later work is expected to focus on urban development, water and sanitation infrastructure, in addition to making public building improvements.
Tenders are invited for the work includes construction of administration building and site improvements, building improvements and the site improvements.
The Appellate Division ruled last month that Tishman and the complexes' former owner, Metropolitan Life, should not have deregulated apartments while receiving the J-51 tax abatements, which are given for making building improvements.
These planned short-term building improvements will enable us to achieve this aim in line with the college's well-deserved reputation for academic excellence and tradition.
Cohen added, "Our goal is to always deliver an exceptional real estate product for our tenants and all of our property's residents will soon reap the benefits from our announced building improvements through cost savings and environmentally sound living conditions.

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