Terms For V

Vacancy rate:

The whole amount of accessible space compared to the entire inventory of space and expressed as a percentage refers to the ‘Vacancy rate’

Variance:

Variance refers to permission which allows a property owner to depart from the literal necessities of a zoning ordinance that, because of special circumstances, cause a unique hardship. The applicant must prove a need or fault.

Variable Interest Rate:

This refers to a loan interest rate which varies over the term of the loan, generally tied to a fixed index.

Vesting:

Vesting refers to the names, status and manner in which the title of ownership is held with a fixed interest in a particular parcel of real property;. It also refers to the portion of a title report or policy setting forth the above.