Property Management
What does 'occupancy rate' measure in South Carolina property management?
AThe number of people living per unit
BThe percentage of rentable units that are occupied and generating income✓ Correct
CThe rate at which tenants are evicted
DThe density of development on a parcel
Explanation
Occupancy rate = (Occupied Units ÷ Total Units) × 100%. It measures what percentage of available units are leased and generating rental income, indicating demand and management effectiveness.
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