Absentee Owner

Absentee Owner
An individual who owns a piece of real estate but does not live in it. An absentee owner may also be an entity such as a corporation or real estate investment trust (REIT). The real estate held by an absentee owner can range widely - while an individual may own a single condominium or apartment, a corporation may own a large chunk of real estate such as an apartment building or shopping mall. The primary motivation of absentee owners is to generate returns from their real estate holdings in the form of rental income and potential capital appreciation.

The proportion of absentee owners in the population at large is directly correlated to the degree of real estate speculation prevalent in the economy. A strong property market and economy coupled with relatively low interest rates may result in a higher proportion of absentee owners, while a sluggish market and economy may limit the number of absentee owners.


Investment dictionary. . 2012.

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  • Owner-Occupant — A resident of a property who also holds the title to that property. In contrast, an absentee owner holds title to the property but does not live there. A landlord is a type of absentee owner. When applying for a mortgage or refinance, the lender… …   Investment dictionary

  • absentee — I UK [ˌæbs(ə)nˈtiː] / US [ˌæbsənˈtɪ] noun [countable] Word forms absentee : singular absentee plural absentees someone who is expected to be in a place or at an event but who does not go II UK [ˌæbs(ə)nˈtiː] / US [ˌæbsənˈtɪ] adjective [only… …   English dictionary

  • absentee — [ab΄sən tē′] n. a person who is absent, as from work, school, etc. adj. designating or of a landlord or owner whose personal residence is distant from any other property owned, esp. from such property rented to another …   English World dictionary

  • Owner-occupier — An owner occupier (also known as an owner occupant or home owner) is a person who lives in and owns the same home. It is a type of housing tenure. The home of the owner occupier may be, for example, a house, apartment, condominium, or a housing… …   Wikipedia

  • absentee — ab|sen|tee1 [ ,æbsən ti ] adjective only before noun not present for a particular job or responsibility: an absentee parent/owner/landlord absentee ab|sen|tee 2 [ ,æbsən ti ] noun count someone who is expected to be in a place or at an event but… …   Usage of the words and phrases in modern English

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

  • absentee — ab•sen•tee [[t]ˌæb sənˈti[/t]] n. 1) a person who is absent, esp. from work or school 2) a property owner who does not live on or near certain property owned • Etymology: 1530–40 …   From formal English to slang

  • absentee landlord — /ˌæbsənti ˈlændlɔd/ (say .absuhntee landlawd) noun an owner, investor, or incumbent who lives in a place, region, or country other than that from which their income is drawn …  

  • absentee landlord — Lessor of real property (normally the owner) who does not live on the premises …   Black's law dictionary

  • absentee landlord — Lessor of real property (normally the owner) who does not live on the premises …   Black's law dictionary

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