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| V-cap
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Specially shaped ceramic tile, which is used at the edge of a counter. |
| V-cap trim
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V-shaped trim tile used on the front edge of a countertop. The tile's top surface is gently curved upward at the front edge to prevent water from running onto the floor. |
| V-clip
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A clip shaped like the letter "V" used on a lavatory drain lift linkage assembly to easily adjust connection of the drain to the lift rod. |
| V-joint
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A term used in plank flooring to indicate that edges are eased or beveled to simulate cracks in floors of early Colonial American homes. |
| Vacancy and credit losses
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Losses incurred by owner due to tenant failure to pay rent or because property is unoccupied. |
| Vacancy factor
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Estimated percentage of rental that won't be made because of actual and anticipated vacancies. |
| Vacancy rate
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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
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Unoccupied property, not currently being used. It may have utilities and off-site improvements as contrasted with raw land with no improvements or structures. |
| Vacate
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To leave a property. If the legally agreed upon term is not fulfilled, vacating a property does not relieve the occupant of liability. |
| Vacation home
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A home owned in addition to a person's primary residence. Interest and real estate taxes are tax deductible with the IRS. |
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