Abode literally means a place where one resides, a house, or a home.
Abode means a place where one stays, or one’s home/house. It means one’s address as well. In some cases, it equates to a temporary sojourn or stay somewhere.
The real estate sector is synonymous with the word abode. This is because real estate is all about the development, sale, and purchase of abodes or homes/houses. Abode means housing that is occupied or where someone lives. The legal abode of an individual is a home/house where the taxpayer stays, resides, sleeps, and occupies for personal purposes. An individual may have multiple abodes or homes of this nature, including second and third homes as well.
