Property Management
A 'vacancy rate' in property management is calculated as:
AOccupied units divided by total units
BVacant units divided by total units, expressed as a percentage✓ Correct
CRevenue lost to vacancies divided by potential gross income
DNumber of days vacant divided by 365
Explanation
Physical vacancy rate = (Number of Vacant Units ÷ Total Units) × 100. A 10% vacancy rate means 10% of units are unoccupied. Property managers aim to minimize vacancy through effective marketing and tenant retention.
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