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Investment

Vacancy

Period during which a rental property remains unoccupied, generating no income.

Full definition

Vacancy represents periods without a tenant, during which the owner bears all charges alone. In Belgium, the average vacancy rate is about 4 to 6 weeks per tenant change. Factors influencing vacancy include: location, property condition, rent level, property type, and time of year.

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Period during which a rental property remains unoccupied, generating no income.