Property Management
A 'loss-to-lease' in a NC property management report represents:
AActual losses from property damage
BThe difference between market rent and the actual in-place (contract) rent on below-market leases✓ Correct
CThe loss from vacant units
DDelinquent rent not collected
Explanation
Loss-to-lease is the amount by which actual contract rents fall below current market rents — representing revenue that could potentially be achieved when below-market leases expire and are renewed.
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