What Does “Abatement” Mean in Real Estate?
Each industry comes with a vocabulary of its own, and in real estate, some of that vocabulary is downright confusing. So, if you find yourself stumped by lingo, jargon, or acronyms, you’re not alone. One of the most confusing words in the real estate industry is “abatement.” In legal terms, to abate means to remove, lessen, or diminish...