A property owner may incur some downtime due to the expiration of a lease that has not been renewed.The time period that occurs before the owner can contract with a new tenant is referred to as:

Question

Quizplus · Accepted Answer

"Vacancy turnover" refers to the period of time when a property is vacant between the expiration of a lease and the arrival of a new tenant. Therefore, D is the correct answer. A, B, and C are not accurate terms to describe this situation.

A Property Owner May Incur Some Downtime Due to the Expiration