MAINTENANCE – The care and work put into a building to keep it
in operation and productive use; the general repair and upkeep
of a building. If maintenance is deferred, the building will
suffer a loss in value. MALL – A landscaped public area set
aside for pedestrian traffic. MARGINAL LAND – Land which is of
little value because of some deficiency, such as poor access,
lack of adequate rainfall, or steep terrain. MARKETABLE TITLE –
Good or clear title reasonably free from risk of litigation over
possible defects; also referred to as merchantable title.
Marketable title need not, however, be perfect title. MARKET
VALUE – The highest price, estimated in terms of money, which a
property will bring if exposed for sale in the open market,
allowing a reasonable time to find a purchaser who buys with
knowledge of all the uses to which the property is adapted and
for which it is capable of being used. MASTER PLAN – A
comprehensive plan to guide the long-term physical development
of a particular area. MEANDER LINE – A