Property Management
What is a 'vacancy rate' as used by a South Carolina property manager?
AThe percentage of units currently occupied
BThe percentage of units unoccupied or not generating income✓ Correct
CThe rate at which tenants leave annually
DThe percentage of rent that is delinquent
Explanation
Vacancy rate is the percentage of rentable units that are unoccupied and not generating rental income. A lower vacancy rate indicates stronger demand and better property performance.
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