Occupancy Level
Definition of "Occupancy level"
The number of units currently occupied in a facility, neighborhood, or city, stated as a percentage of total capacity. For example, a hotel has 80 rooms available for guests. Its average occupancy during the off season is 50. Therefore, its average occupancy level during the off season is 50/80=62.5%. The opposite term is vacancy rate would be 30/80=37.5.
Popular Real Estate Terms
Market price pf all the property prior to a condemnation proceeding. ...
(1) Right to engage in and earn from a particular activity in return for services or for a particular use. (2) Reduced price used as an incentive. (3) Permission or right, granted by a ...
Type of a real estate investment trust whose investment money is used for the purchase of a portfolio of specific properties to be managed in order to generate investment return through ...
Rainwater pipe attached to a roof gutter channeling the run off down and away form the building. ...
Lender's written assurance that the borrower has fully paid the obligation. The borrower may then show this instrument to interested parties. ...
Maximum loan that can be borrowed by a potential debtor. A ceiling loan represents the topmost credit that can be extended. ...
Favorable occurrence providing a good chance for success, usually in financial terms. ...
A real estate professional’s job is to represent their seller’s or buyer’s best interest in a real estate transaction through an agency relationship. This means that the ...
A lease requiring tenants to pay all utilities, insurance, taxes, and maintenance costs. ...
Have a question or comment?
We're here to help.