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Monthly Vacancy Allowance: (# of units vacant/total # of units) x time vacant x total month's rent roll for all units

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To calculate the vacancy rate for a leased property, divide the total number of vacant units by the total number of units in the property. Then, multiply the result by 100 to express it as a percentage. For example, if a property has 10 units and 2 are vacant, the vacancy rate would be (2/10) x 100 = 20%. This metric helps property owners assess the performance and demand for their rental units.


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