Have you ever heard the term ‘derelict’ used in legal documents, but were unsure of its meaning? In this blog, we’re discussing the definition of derelict, and providing some modern-day examples to help business professionals visualize how it is used in legal documentation.
What Is Derelict?
Put simply, derelict is a legal term that implies something has been abandoned and left in disrepair. A derelict property is usually one that is dilapidated or otherwise neglected to the point of being unfit for living or working in.
What Are Examples of Derelict Properties?
Derelict properties can be buildings, land, or other physical assets. Businesses and individuals can leave a property derelict due to a variety of circumstances, such as financial difficulties, industry changes, loss of interest, or simply because of negligence. When thinking modern-day examples, consider a property that was once inhabited and is now abandoned and filled with trash and debris, or a commercial space that is now sitting empty and run down.
What Are the Legal Implications of Derelict Properties?
Property owners are typically responsible for ensuring that their assets are safe and in a healthy condition. If a property is derelict, the owner is liable not only to take appropriate steps to secure the property, but also for any damages or injury caused by the derelict state, such as injuries suffered by trespassers or other forms of property damage. This is why it is important for property owners to take heed and attend to derelict properties as soon as possible.