SLUMLORD

Slumlord

A slumlord is a derogatory term for a landlord, generally an absentee landlord with more than one property, who attempts to maximize profit by minimizing spending on property maintenance, often in deteriorating neighborhoods. They may need to charge lower than market rent to tenants. Severe housing shortages allow slumlords to charge higher rents.

The above text is a snippet from Wikipedia: Slumlord
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slumlord

Noun

  1. A person who makes money by renting housing that is kept in poor condition.


The above text is a snippet from Wiktionary: slumlord
and as such is available under the Creative Commons Attribution/Share-Alike License.

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