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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.Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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