Absentee Owner

Definition: An owner who does not live at the property, often relying on others for local management or maintenance.

Example

An owner living in another state hires a manager to oversee a Florida rental property.

Keep the distinction clear

Absentee ownership does not mean the property is abandoned, vacant, or poorly managed. The owner still has applicable contractual and legal responsibilities.

Related terms

Lease · Investment · Real Estate Brokerage

Keep studying

Property Manager Duties: The Owner, the Agreement, and the Property

References: California DRE: real estate glossary

Pronunciation (US): ab-sun-TEE OH-ner (capitals show stress)

Pronunciation reference: Merriam-Webster