Definitions for slumlordˈslʌmˌlɔrd
This page provides all possible meanings and translations of the word slumlord
Random House Webster's College Dictionary
a landlord who owns poorly maintained buildings, esp. one who charges exorbitant rents.
Origin of slumlord:
A person who makes money by renting housing that is kept in poor condition.
Origin: From slum + landlord
A slumlord is a derogatory term for a landlord, generally an absentee landlord with more than one property, who attempts to maximize profit by minimizing spending on property maintenance, often in deteriorating neighborhoods. They may need to charge lower than market rent to tenants. Severe housing shortages allow slumlords to charge higher rents. As many of these neighborhoods are often populated by poor minorities, the term "ghetto landlord" has also been used. A "retail slumlord" is one who keeps a shopping mall in a bad shape until the government buys or confiscates it. The phrase slumlord first appeared in 1953, though the term slum landlord dates to 1893.
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