Vacancy factor definition
Vacancy factor means a cost component of the residential habilitation and intermediate care facility for individuals with intellectual disabilities rate intended to cover costs when a client is no longer in the setting, with no intent to return.
Vacancy factor means the greater of the actual vacancy rate of the Buildings or 5%, multiplied by the proforma rents for the Buildings as set forth in the most recent appraisal for the Mortgaged Property.
Vacancy factor shall equal 2% of the total rentable square feet of the Building. Annual Base Rent for years 6 - 10 will be [Annual Base Rent for year 5 minus $7.25 per rentable square foot ($5.50 in the Constant Use Area)] x 115% + $7.25 per rentable square foot ($5.50 in the Constant Use Area).
More Definitions of Vacancy factor
Vacancy factor means a cost component of the rate intended to cover costs when a client is no longer in the setting, with no intent to return.
Vacancy factor means five percent (5%) of Gross Income. --------------