Physical Depreciation (deterioration)
Last updated 2026-08-01
Fannie Mae
Updated 2026-08-01
A loss in value that is caused by deterioration in the physical condition of a property’s improvements.
Fannie Mae Glossary of Terms
Fannie Mae · pp. 35–38
Report an issue with this page
Still have questions?
Ask about this page or what may happen next. You will continue in Help — this is general information, not legal or counseling advice.