What does "Terminate Abatement" mean?

Full question:

What does "Terminate Abatement" mean? This is in regards to Property.

  • Category: Courts
  • Subcategory: Legal Definitions
  • Date:
  • State: Florida

Answer:

Please see the information at the following links:


http://definitions.uslegal.com/a/abatement/

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

An example of abatement is when a property is damaged by a natural disaster, making it uninhabitable. During this time, the property owner may apply for a tax abatement, reducing their property tax obligations until the property is repaired and habitable again.