When preparing a pro-forma estimate of future performance of an investment, the vacancy and collection allowance is an estimate of the amount by which gross scheduled rents should be decreased to account for vacancies and for rents that will be uncollectible. (Alternative names: Vacancy Factor, Vacancy Rate) Source

A self contained housing unit generally located within a building occupied by more than one household. (Alternative names: Unit or Flat). Source

A small section of a city or town enclosed but not divided by streets. Source

A building, house or apartment where one resides. Source

The sum of areas at all floor levels, including the basement, mezzanine, and penthouses included in the principal outside faces of the exterior walls without allowing for architectural setbacks or projections. (Alternative name: Gross Floor Area - GFA) Source

The floor area contained within the building measured to the internal face of the external walls. Commonly used for industrial buildings and general warehousing. Source

Parcel of land (Alternative name: Allotment)

Attached contemporary housing generally having two or more floors plus a garage and attached to other similar units via party walls in the terraced style.Source

A land use restriction within a designated boundary as part of a master plan for development. Restrictions as to the type, size, and purpose of land uses differ dependent on whether it is located within a residential zone, industrial zone or commercial zone. Source

A ratio attempting to identify the relationship between the cost and benefits of a proposed project. Benefit cost ratios are most often used in corporate finance to detail the relationship between possible benefits and costs, both quantitative and qualitative, of undertaking new projects or replacing old ones. Source