"Vacancy allowance" refers to the amount of empty space or unoccupied units in a property that is accounted for or expected. It is the number of vacancies that a property owner or manager anticipates or considers when calculating the overall occupancy rate or potential income.
Full definition
Synonyms for individual words can be found below.
«vacancy»
«allowance»
Sentences with «vacancy allowance»
- He is a sponsor of legislation to repeal the so - called vacancy allowance. (briankavanagh.org)
- Tenant advocates and public officials have long criticized the 20 percent vacancy allowance. (therealdeal.com)
- Landlords would also be barred from adjusting preferential rent upon lease renewal, while vacancy allowances that allow landlords to hike rent by 20 percent upon a tenant leaving would be reduced to 7.5 percent. (therealdeal.com)
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