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Glossary (click letters)

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VACANCY PERCENT – the percentage of all units or space that is unoccupied or not rented. On a pro–forma income statement a projected vacancy rate is used to estimate the vacancy allowance, which is deducted from potential gross income to derive effective gross income.

VACANCY – unoccupied units as a percentage of the total number.

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Andrew, Sadie and your team did a great job on Dan and Annabelle’s loan, and I thank you very ...

- Scott Liming | Iron Oak Mortgage

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