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Absentee Landlord

Definition

In economics, an absentee landlord is a person who owns and rents out a profit-earning property, but does not live within the property's local economic region. The term "absentee ownership" was popularised by economist Thorstein Veblen's 1923 book of the same name, Absentee ownership.

What is '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.

Explaining 'Absentee Landlord'

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.

Absentee Landlord FAQ

What do you mean by absentee landlord?

The term absentee landlord refers to a company or individual that owns and rents a property but does not live on or near the property.

What does absentee landlord mean?

The term absentee landlord refers to a company or individual that owns and rents a property but does not live on or near the property.

Who called absentee landlords?

The term absentee landlord refers to a company or individual that owns and rents a property but does not live on or near the property.

Are landlords eligible for Cares Act?

Under the CARES Act, Landlords may apply for benefits on behalf of the tenants. Those with fewer than 500 employees may be eligible for PPP assistance.

Can landlord enter property without tenant present UK?

In the UK, a landlord must give the tenant 24 hours notice before entering the property before showing the property to a potential buyer or a new tenant.

Further Reading

Living on the edge: Financing post-displacement housing in urban redevelopment projects in Seoul
journals.sagepub.com [PDF]
… Address: Department of Geography and Environment, London School of Economics and Political Science … of February 2000 and was then acknowledged by on- site and absentee landlords in a … conditions: they need a valid rental contract with a private landlord before making …

Economic returns to social power: Merchants' finance and interlinkage in the grain markets of BangladeshEconomic returns to social power: Merchants' finance and interlinkage in the grain markets of Bangladesh
www.sciencedirect.com [PDF]
… Address: Department of Geography and Environment, London School of Economics and Political Science … of February 2000 and was then acknowledged by on- site and absentee landlords in a … conditions: they need a valid rental contract with a private landlord before making …

Absentee landlords, rent control and healthy gentrification: a policy proposal to deconcentrate the poor in urban AmericaAbsentee landlords, rent control and healthy gentrification: a policy proposal to deconcentrate the poor in urban America
heinonline.org [PDF]
… Address: Department of Geography and Environment, London School of Economics and Political Science … of February 2000 and was then acknowledged by on- site and absentee landlords in a … conditions: they need a valid rental contract with a private landlord before making …

Landlordism and landlord–tenant relations in Kisumu and Kitale's low-income settlementsLandlordism and landlord–tenant relations in Kisumu and Kitale's low-income settlements
www.tandfonline.com [PDF]
… Address: Department of Geography and Environment, London School of Economics and Political Science … of February 2000 and was then acknowledged by on- site and absentee landlords in a … conditions: they need a valid rental contract with a private landlord before making …

The finance of trade and agriculture in a backward area of BangladeshThe finance of trade and agriculture in a backward area of Bangladesh
www.tandfonline.com [PDF]
… Address: Department of Geography and Environment, London School of Economics and Political Science … of February 2000 and was then acknowledged by on- site and absentee landlords in a … conditions: they need a valid rental contract with a private landlord before making …

A finance approach to understanding patterns of land tenureA finance approach to understanding patterns of land tenure
papers.ssrn.com [PDF]
… Address: Department of Geography and Environment, London School of Economics and Political Science … of February 2000 and was then acknowledged by on- site and absentee landlords in a … conditions: they need a valid rental contract with a private landlord before making …

Absentee landlords and farm management in Brazil during the 1960sAbsentee landlords and farm management in Brazil during the 1960s
onlinelibrary.wiley.com [PDF]
… Address: Department of Geography and Environment, London School of Economics and Political Science … of February 2000 and was then acknowledged by on- site and absentee landlords in a … conditions: they need a valid rental contract with a private landlord before making …

Socio-economic dynamics in slums and implications for sanitation sustainability in Kisumu, KenyaSocio-economic dynamics in slums and implications for sanitation sustainability in Kisumu, Kenya
www.tandfonline.com [PDF]
… Address: Department of Geography and Environment, London School of Economics and Political Science … of February 2000 and was then acknowledged by on- site and absentee landlords in a … conditions: they need a valid rental contract with a private landlord before making …

Incorporating the rentier sectors into a financial modelIncorporating the rentier sectors into a financial model
wer.worldeconomicsassociation.org [PDF]
… Address: Department of Geography and Environment, London School of Economics and Political Science … of February 2000 and was then acknowledged by on- site and absentee landlords in a … conditions: they need a valid rental contract with a private landlord before making …

FAQ

What do you mean by absentee landlord?

The term absentee landlord refers to a company or individual that owns and rents a property but does not live on or near the property.

What does absentee landlord mean?

The term absentee landlord refers to a company or individual that owns and rents a property but does not live on or near the property.

Who called absentee landlords?

The term absentee landlord refers to a company or individual that owns and rents a property but does not live on or near the property.

Are landlords eligible for Cares Act?

Under the CARES Act, Landlords may apply for benefits on behalf of the tenants. Those with fewer than 500 employees may be eligible for PPP assistance.

Can landlord enter property without tenant present UK?

In the UK, a landlord must give the tenant 24 hours notice before entering the property before showing the property to a potential buyer or a new tenant.