Definition, Meaning & Synonyms
vacant-property
noun
/ˈveɪ.kənt ˈprɒp.ə.ti/
Definition
A vacant property refers to a piece of real estate that is unoccupied or not currently in use.
Examples
- The vacant property on Main Street has been up for sale for months.
- Local authorities are concerned about the upkeep of vacant properties in the neighborhood.
- Investors often look for vacant properties to renovate and rent out.
Meaning
It indicates a building or land that has no inhabitants or tenants. These properties can range from residential homes to commercial buildings.
Synonyms
- Empty property
- Unoccupied property
- Abandoned property
