Absentee Ownership
/ˈæbsənˌti ˌoʊnərˌʃɪp/
Definitions
- (n.) Ownership of property, especially real estate or business interests, by a person who does not reside or actively participate in its management.
The landlord’s absentee ownership of multiple rental properties often led to delayed maintenance responses.
Forms
- absentee ownership
Related terms
See also
Commentary
Absentee ownership frequently arises in property and corporate law contexts, highlighting issues related to management and control from a distance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.