Definition
Vacancy rate measures how much of a portfolio is currently un-leased. Days-on-market is the related metric for how quickly vacancies fill.
Vacancy rate measures how much of a portfolio is currently un-leased. Days-on-market is the related metric for how quickly vacancies fill.
A 50-unit building with 3 vacant units has 6% vacancy.
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.