Question

Of the various financial statements and operational reports prepared monthly for a property, which one provides a list of units that are unoccupied and available for lease?

A) Vacancy report.
B) Income statement.
C) Balance sheet.
D) Cash flow statement.

Answer 1

The vacancy report is the financial statement that provides a list of unoccupied and available units for lease in a property.

Step-by-step explanation:

The vacancy report is the financial statement that provides a list of units that are unoccupied and available for lease.

Unlike the income statement, balance sheet, and cash flow statement, which focus on the overall financial performance of a property, the vacancy report specifically identifies vacant units.

The vacancy report is essential for property managers to track their available inventory and to make informed decisions regarding leasing and marketing strategies.