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Real Estate Terms - A

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ABODE

place where someone lives, residence, home.

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ABROGATE

abolish, withdraw, cancel, retract, revoke, or repeal.

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ABSENTEE LAND LORD

A lessor of real property (usually the owner) who does not reside on any portion of the property.

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ABSENTEE OWNER

an owner who does not personally manage or reside at property owned.

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ABSOLUTE AUCTION

an auction in which the subject property is sold to the highest bidder regardless of the amount of the winning bid. There is no reserve price.

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ABSOLUTE TITLE

a title that is clear, without any liens or judgments.

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