Property Management
In Tennessee, the 'economic vacancy' rate in property management refers to:
APhysical vacancy (number of empty units)
BLost income from vacant units plus concessions and delinquencies as a percentage of potential income✓ Correct
CThe number of lease renewals compared to new leases
DThe percentage of rent collected in advance
Explanation
Economic vacancy includes not just physically vacant units but also the income lost from concessions, delinquent accounts, and other income reductions — providing a more complete picture of revenue loss.
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