Absentee Landlord


Absentee Landlord
An individual or entity that rents or leases real estate to another party, but does not reside on the premises. An absentee landlord could be anyone from a local investor to an overseas conglomerate. Regardless of the size of their operations, absentee landlords generally seek to generate rental income from their holdings. Absentee landlords with substantial holdings usually employ management companies to maintain their properties and collect rental payments.

Absentee landlords are the norm, rather than the exception, for commercial properties. The term "landlord" may indicate that the individual or entity's real estate holdings are likely to be sizable. An absentee landlord may also have a long-term perspective with regard to real estate investments, with ongoing rental income rather than capital appreciation being the primary investment objective.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Absentee landlord — is an economic term for a person who owns and rents out a profit earning property, but does not live within the property s local economic region.CriticsWho|date=April 2008 of this practice argue that absentee landlords drain local wealth,… …   Wikipedia

  • absentee landlord — ➔ landlord * * * absentee landlord UK US noun [C] ► PROPERTY a person who rents a property to someone, but who does not live in or visit the property: »Absentee landlords who fail to maintain their properties are bringing down property prices in… …   Financial and business terms

  • absentee landlord — n. A landlord who resides so far from the leased real property that his is not, or is not expected to be, readily available to personally address any problems concerning the property. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary

  • absentee landlord — n someone who lives a long way away from a house or apartment which they rent to other people, and who rarely or never visits it …   Dictionary of contemporary English

  • absentee landlord — UK / US noun [countable] Word forms absentee landlord : singular absentee landlord plural absentee landlords someone who does not live in or visit very frequently a property that they rent to someone else …   English dictionary

  • absentee landlord — a landlord who owns but is not resident in a property. * * * noun, pl ⋯ lords [count] : someone who owns and rents property but does not live on or near the property and rarely visits it * * * ˌabsentee ˈlandlord [absentee landlord] noun a person …   Useful english dictionary

  • absentee landlord — a landlord who owns but is not resident in a property. * * * …   Universalium

  • absentee landlord — ab′sentee land′lord n. bus a landlord who owns but is not resident in a property …   From formal English to slang

  • absentee landlord — an owner of property that leaves management of his property to his tenant …   English contemporary dictionary

  • absentee landlord — noun (C) someone who lives a long way away from a house or apartment which they rent to other people, and who rarely or never visits it …   Longman dictionary of contemporary English