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Vacancy Rate
The percentage of all units or space that is unoccupied, not rented or from which there is no rental income. On a pro-forma income statement a projected vacancy rate is used to estimate the vacancy allowance (both physical and economic), which is deducted from potential gross income to derive effective gross income.
MEECORP: The Streetwise Commercial Lender, Email: principal[at] meecorp.comAddress: 2115 Linwood Avenue - Suite 301- Fort Lee, New Jersey 07024

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