Slumlord

Category: Slumlord Last Updated: Thursday, 26 July 2018 Published: Thursday, 26 July 2018 Written by ATA Admin

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slumlord (or slum landlord) 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, and to tenants that they can intimidate. Severe housing shortages allow slumlords to charge higher rents, and when they can get away with it, to break rental laws.

As many of these neighborhoods are often populated by poor minorities, the term "ghetto landlord" has also been used. A "retail slumlord" is one who keeps a shopping mall in a bad shape until the government buys or confiscates it.

The phrase slumlord first appeared in 1953, coined by Newsday Reporter Edward G. Smith, though the term slum landlord dates to 1893.

a landlord who receives unusually large profits from substandard, poorly maintained properties

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