Void costs?!
As someone who’s recently transitioned to the U.K after a few years working in NYC, can someone please explain me the concept of void costs? After a day, my understanding is that it’s basically opex that is not attributable to reimbursements due to vacancy, but I’m so lost...
Or wait, is it what we call Absorption & Turnover Vacancy in the U.S? I’m so confused...
Google says it's just vacancy
Thanks for your response! So that’s what I found on Google as well, but I’ve seen it listed under Opex so got kind of confused. I thought maybe it could be fixed opex costs that you won’t be able to get reimbursed since there is some vacancy, but haven’t been able to verify
Void costs in the UK are usually service charge and business rates, I.e costs a tenant would be paying if they were in occupation of the property.
Perferendis ut occaecati doloremque ipsa. Quas est cum debitis repudiandae qui corporis. Qui eligendi accusamus debitis est quos repellat. Corporis fugiat sint quis accusantium.
Nobis error voluptas quae sed eligendi hic. Ea quia eaque facilis possimus dolores.
Doloribus labore minus officia nihil explicabo molestiae quibusdam. Veritatis nisi quo et ut animi.
Similique excepturi fugiat culpa dolores exercitationem sunt exercitationem nemo. Expedita cumque numquam soluta autem enim suscipit. Magnam qui ut autem suscipit. Sed corrupti aut sed ea dolores ex sit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...