Stop foreclosers glossary - V

Vacancy Rate
The percentage of all units or space that is not leased or rented and remains untenanted.

Vacant Land
It’s the Land that is not currently being used and remains unoccupied by any inhabitants.

Vacate
It’s to move out of a particular premise to any place due to many reasons such as transfer, migration, divorce, business, etc…

Valid
It’s a document or contract that has legally binding force with respect to a particular venture.

Vendor
The person who promotes or exchanges goods or services for money