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

Expense Allowance

Payment to an insurance agent in addition to commissions. Expense allowances, that differ from compa ...

Contribution Principle

Rule that concerns the distribution of the aggregate surplus among the policies in the same proporti ...

Quantity Survey

Complete estimated itemization of all costs in constructing a structure including site acquisitio ...

Arp

Same as term Associate in Research and Planning: professional designation earned after the successfu ...

Adhesion Insurance Contract

Agreement prepared by an insurance company and offered to prospective insureds on a take-it-or-leave ...

Recapture

Practice of a ceding company whereby insurance previously ceded to a re insurer is returned to that ...

Related Real Estate FAQ

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

What Is A FHA Mortgage?

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

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 do Real Estate Attorneys do? Real Estate Open House - The Dos and Don Home Prices - The Extra Costs Top Five Reasons Your Home Offer was Rejected Tax Breaks for the First Time Home Buyer

FAQ

What do I need to know about Individual Health Insurance? What is commission? What is a principal? Why do people refinance? What is a buydown?