Diminution In Value Safety Harbor


Michael S. Reeser

Michael S. Reeser was born in Marietta, Georgia and was raised in Vero Beach, Florida. Mike graduated from Vero Beach High School, and then attended college at Stetson University in Deland Florida. He attended law school at Stetson College of Law in Gulfport, Florida. Mr. Reeser has been practicing law in the Tampa Bay area for over 30 years, maintaining his focus on aggressively representing individuals and families at critical times in their lives.

Diminution in value is a legal term of art used when calculating damages in a legal dispute, and describes a measure of value lost due to a circumstance or set of circumstances that caused the loss.

iminution in value generally refers to a reduction in the worth of something caused by an action of a third party or entity. In the context of contract law, it refers to a breach of contract causing the decrease in value of property due to the failure to construct something exactly as specified in the contract.

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