Property Management
Vacancy and credit loss in property management refers to:
AThe cost of routine maintenance and repairs
BIncome lost due to unoccupied units and uncollected rent✓ Correct
CThe depreciation of the property over time
DThe property manager's fee
Explanation
Vacancy and credit loss is an allowance subtracted from potential gross income to arrive at effective gross income. It accounts for units that are vacant and rents that are not collected.
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