What is an Abatement in Real Estate or Mortgage Loans?

An abatement is technically a decrease or reduction. In real estate, rents and property taxes are common expenses many people try to abate — for obvious reasons.

With regard to legal nuisances, abatement refers the reduction or removal of that nuisance. An abatement of nuisance is a court suit and order to terminate a nuisance. However, such abatement orders are only issued for illegal or improper nuisances.

For more information, see also the following entries:

• :Lease:
• :Nuisance:
• :Real Estate:
• :Real Estate Tax:
• :Rent: