Definition
Occupancy rate is the inverse of vacancy rate and is the fastest way to gauge portfolio health.
Occupied units divided by total units, expressed as a percentage.
Occupancy rate is the inverse of vacancy rate and is the fastest way to gauge portfolio health.
A 100-unit building with 95 occupied units has 95% occupancy.
Charges beyond base rent that the lease treats as rent for enforcement purposes.
Verifying credit, eviction history, income, and references for a rental applicant.
Net operating income divided by property value, expressed as a percentage.
The pro-rata share of shared-space upkeep charged to commercial tenants.
The state of a resident being past due on rent or other lease charges.
Money held by a third party until a specific condition is met.