Vacancy Rate

Definition of "Vacancy rate"

Percentage of rental property that is unoccupied. For example, a vacancy rate of 25% means that 25% of the rental unites are nor being used. Idle space can cause a significant cash drain to the landlord who is not receiving cash inflows to offset the cash outflows of maintaining the property. An office building, shopping center, or hotel must have a minimum occupancy rate to break even.

Search Real Estate Glossary

Related Real Estate Glossary terms

Cancel

Termination of a policy. Contract may be terminated by an insured or insurer as stated in the policy ...

Estate For Years

Any lease with a specific starting time and a specific ending time. ...

Business Day

Day on which the New York Stock Exchange is open for transactions; used in calculating accumulation ...

Offer And Acceptance

Submission of the application and the first premium by the prospective insured the "offer" and the i ...

Incidents Of Ownership

Policy owner rights under a life insurance policy, including the right to name a new beneficiary at ...

Seaworthiness Admitted Clause

Part of a marine cargo policy that exempts the policyholder from vouching for the seaworthiness of t ...

Related Real Estate FAQ

What Is An Appraised Value?

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

Do I Need Flood Insurance?

Over 90% of all presidential-declared disasters in the United States are flood related. Leveling for ...

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

What Is A Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Does FSBO Mean?

FSBO means for sale by owner. ...

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

What Must I Disclose When Selling My Home? What is Hazard Insurance? 10 Tips for Homebuyers Short Sale Homes When to buy a house

FAQ

What do I need to know about Individual Health Insurance? What do I need to know about Term Life Insurance? How big is an acre? What is a gated community? What is principal?