Uniform Laws Update provides information on uniform and model state laws in development as they apply to property, trust, and estate matters. The editors of Probate & Property welcome information and suggestions from readers.
When a homeowner abandons a residence, the effect of the vacant property is often felt by other unrelated parties. Neighboring homes may suffer from reduced market value. The abandoned home may be occupied by squatters or used as a location for criminal activity. The property may become infested by vermin or serve as a breeding ground for mosquitoes, consequently impairing public health. Local municipalities receive reduced tax revenues due to tax delinquencies, and they often incur additional costs for fire and police protection. If the abandoned real estate is part of a condominium or homeowners’ association, the remaining unit owners are saddled with additional expenses for upkeep of common elements. In cases of multiple abandonments in the same area, whole neighborhoods may become blighted.
Premium Content For:
- Real Property, Trust and Estate Law Section
- Current ABA Member