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Vacant space
Vacant space Existing tenant space currently being marketed for lease excluding space available for sublease.
RELATED TERMS--------------------------------------
Tenant
Any person in possession of real property with the permission of the owner.
Lease
A contract whereby the landlord grants the tenant the right to occupy defined space for a set period at a specific price (i.e., rent).
Sublease
A lease given by a lessee for a portion of the leasehold interest, while the lessee retains some reversionary interest.
SIMILAR TERMS--------------------------------------
Vacancy and credit losses
Income lost due to vacancies and-or tenants defaulting on lease payments.
Vacancy factor
The amount of gross revenue that pro forma income statements anticipate will be lost because of vacancies, often expressed as a percentage of the total rentable square footage available in a building or project.
Vacancy rate
The total amount of available space compared to the total inventory of space and expressed as a percentage.
PREVIOUS AND NEXT TERMS--------------------------------------
Va loan
A loan guaranteed by the U.S. Department of Veterans Affairs (VA). VA loans are made to honorably discharged veterans or their unremarried widows or widowers.
Va mortgage
A mortgage that is guaranteed by the Department of Veterans Affairs (VA).
Vacancy and credit losses
Income lost due to vacancies and-or tenants defaulting on lease payments.
Vacancy factor
The amount of gross revenue that pro forma income statements anticipate will be lost because of vacancies, often expressed as a percentage of the total rentable square footage available in a building or project.
Vacancy rate
The total amount of available space compared to the total inventory of space and expressed as a percentage.
Vacant space
Valid
A binding situation that is authorized and enforceable by law.
Valid contract
A contract that complies with all the essentials of a contract and is binding and enforceable with all associated parties.
Valuation
Estimated price, value, or worth. Also, the act of identifying a property's worth via an appraisal.
Valuation Fee
The fee charged by the lender for a valuation report.
Valuation report
A basic report carried out for the peace of the mind of the lender to ensure that the property is worth lending on.
This dictionary contains 6433 terms. |
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