Legal Dictionary & Glossary

It's a free online legal dictionary search engine for definitions of legal terminology and legal words, legal abbreviations, and legal jargon you may meet when reading legal acts, law books, documents, legal forms and other legal content.

ABANDONED PROPERTY

An act of a tenant indicating that he is leaving the premises. An apartment empty for substantial amount of time with/without utilities turned off, the surrender of the keys from the apartment to the landlord, may be the indications of the abandoned Property.

Abandoned Property examples may include personal Property left unattended in the house after the owner has moved out, or furniture and other personal belongings left outside of the house/apartment.

Abandoned Property generally becomes the Property of whoever should find it and take possession of it first, although some states have enacted statutes under which certain kinds of abandoned Property – usually cars and wrecked ships and aircraft – become the Property of the state.

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