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Definitions from the Web

Rent Skimming

Definition:

Rent skimming refers to the illegal practice of collecting rental income from a property without fulfilling the corresponding obligations such as mortgage payments, property maintenance, or taxes.

Examples:

As a verb:

1. The unscrupulous landlord was caught rent skimming by collecting rent from his tenants but failing to pay the mortgage.

2. The property owner was involved in rent skimming, pocketing the rental income without properly maintaining the building.

As a noun:

1. Rent skimming is a serious offense that can lead to legal consequences and financial losses for landlords and tenants alike.

2. The community was affected by rent skimming, as several tenants discovered their rent payments were not used for the property's upkeep.

Related Products:

Here are some books related to real estate and landlord-tenant laws:

• Real Estate Investing
• Landlord-Tenant Law
• Property Management