Business Terms and Jargon Explained
What is Abandon
In property this is to permanently give up, surrender, leave, desert or relinquish all interest or ownership. The landlord now has a un-let property and is deemed not to be coming back. The landlord must store anything left by the tenant and has to give them notice before they can sell their possessions.
A spouse, family or children are abandon if they have had no contact or support for a year or more.
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Term created / updated 2006-05-23 18:05:52
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