What is loss to lease?
The gap between current market rent and the actual contract rent being paid by in-place tenants. If a unit could rent for $2,000 today but the tenant pays $1,850, the loss to lease is $150/month for that unit.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.