Definitions for "Unearned Increment"
The opposite of economic, locational or environmental obsolescence. An accumulation or gain in real property value outside the imaginary lines of the real property borders from which the owner has no control. As with economic obsolescence, the owner cannot control the actions surrounding his environment. Consequently, when increases in population, scarcity of housing and national fiscal policies change, the owner of the property may obtain an unearned increment in value.
An increase in value of real estate due to no effort on the part of the owner.
Unexpected increase in the price of property not due to any effort on the owner's part.
Keywords:  rise, factors, market, general, value
an unearned rise in the market value of property resulting from general market factors