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The occupancy of a property is expressed as a percentage. For example, if a hotel has 150 rooms available for sale and 150 of them are occupied, the rate of occupancy will be 100%. <\/b><\/p>
If out of 150 only 75 rooms are occupied then the occupancy rate will be 50%. Below mentioned is the formula to calculate the rate of occupancy in a property:<\/b><\/p>\n
Rate Of Occupancy = Total Number Of Rental Units Occupied \/ Total Number Of Units Available for Rent x 100<\/b><\/p>\n
For Example: If your rental property has 150 total units available for rent, out of which 120 are occupied by the tenants.<\/b><\/p>\n
Occupancy rate = 120 \/ 150 * 100 = 80 %<\/b><\/p>\n
In the above example, the occupancy rate would be 80%.<\/b><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t