Abatement refers to a reduction in the amount, intensity, or duration of something. In the context of real estate, it typically applies to decreases in taxes, rents, or environmental harm.
A scavenger tenant is a tenant who constantly seeks the lowest possible rent and relocates frequently whenever an opportunity to reduce rent arises. Often characterized by their transient nature, scavenger tenants are commonly found in industries such as karate schools, fortune tellers, and bingo parlors.
