ABATEMENT is a decrease or reduction in the price of a property (or in rent chargeable to a tenant). Usually occurs as a result of the discovery of a negative fact about the property which decreases its value from the price originally agreed upon by the parties.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). abatement. Retrieved September 24, 2026, from http://smartdefine.org/abatement/definitions/1146903 |
| Chicago | Barry Goldsmith. 2010. "abatement" http://smartdefine.org/abatement/definitions/1146903 (accessed September 24, 2026). |
| Harvard | Barry Goldsmith 2010, abatement, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/abatement/definitions/1146903>. |
| MLA | Barry Goldsmith. "abatement" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/abatement/definitions/1146903> |