What is Vacancy and Collection Losses (V&C)? How is it normally expressed?
a) The amount of rent lost due to vacancies and uncollectible rent, expressed as a percentage of potential gross income
b) The amount of rent lost due to vacancies and uncollectible rent, expressed as a percentage of net operating income
c) The amount of rent lost due to vacancies and uncollectible rent, expressed as a percentage of effective gross income
d) The amount of rent lost due to vacancies and uncollectible rent, expressed as a percentage of gross rent multiplier
