Vacancy rate
Short definition
The vacancy rate describes the proportion of vacant apartments in relation to the total housing stock. It is a key metric for assessing the rental situation and a central indicator for the efficiency of leasing processes. High values indicate structural problems.
Example
Uncoordinated tenant turnovers lead to apartments being vacant for unnecessarily long periods.
What is a good vacancy rate?
A vacancy rate below 2% is considered a target value in many markets. Higher values can indicate rental problems or structural weaknesses.
What factors influence the vacancy rate?
Location, rent price, property condition, and marketing speed play a central role.
Practical Context
The vacancy rate is an important indicator of the efficiency of rental processes and has a direct impact on profitability.
Further Links
→ Blog article: Finding tenants: Strategies for fast and efficient renting
→ Blog article: Shortening rental duration: Why it takes longer than necessary
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More terms
Full glossary
Change of tenant
The tenant changeover describes the entire process from a tenant moving out to a new tenant moving in. It includes termination, marketing, selection, and handover of the apartment.
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Rent control
The rent control cap is a legal regulation that limits the rent amount when re-letting in certain regions. The goal is to prevent excessive rent increases. Misinterpretations lead to legal risks and potential claims for repayment.
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Rental deposit
The security deposit is a security payment from the tenant to the landlord to secure claims arising from the tenancy. It may not exceed a maximum of three months' cold rent (excluding utilities) and must be invested separately from the landlord's personal assets.
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