Specially shaped ceramic tile, which is used at the edge of a counter.
V-cap trim
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
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
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
Losses incurred by owner due to tenant failure to pay rent or because property is unoccupied.
Vacancy factor
Estimated percentage of rental that won't be made because of actual and anticipated vacancies.
Vacancy rate
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
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
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
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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