absentee owner


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Absentee Owner

An owner who is almost never physically present at a piece of real estate he/she owns. Absentee owners generally do not make repairs or improvements to their properties. If an absentee owner rents out a property, he/she does not interfere with what their tenants do (often even if what they do is illegal) and likewise often do not fulfill the legal requirements to maintain the property.

absentee owner

One who does not personally occupy or manage their property.
References in periodicals archive ?
buyer want to continue as an absentee owner OB would be $89k.