Vacant Space

Identifies whether the leased area is vacant. Lenders usually will account for this leased area as net rental area and will multiply the estimated market rent times the vacant area when calculating the Potential Gross Income (PG I). See also Check if Vacant Space.

Vacant Space
Definition Identifies whether the leased area is vacant. Lenders usually will account for this leased area as net rental area and will multiply the estimated market rent times the vacant area when calculating the Potential Gross Income (PG I). See also Check if Vacant Space.
Type of Word Noun
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