Vacancy and Credit Losses
Losses incurred by owner due to tenant failure to pay rent or because property is unoccupied.

Vacancy Factor
Estimated percentage of rental that won't be made because of actual and anticipated vacancies.

Vacancy Rate
Percentage of unoccupied rental property. Idle space causes significant cash drain when cash inflows are not received to offset the cash outflows of maintenance. Most properties have a minimum occupancy rate to break even.

Vacant Land
Unoccupied property, not currently being used. It may have utilities and off-site improvements as contrasted with raw land with no improvements or structures.

Vacation Home
A home owned in addition to a person's primary residence.

Valuation
Estimated worth of a property as valued through an appraisal.

Value
An expression of monetary worth of a particular piece of real estate.

Value After the Taking
Worth of the property part which is left subsequent to a condemnation action.

Value Before the Taking
Market price of all the property prior to a condemnation proceeding.

Value in Exchange
The giving of money, goods or services in exchange for another good or service provided by another party.