Average Downtime

Business, Legal & Accounting Glossary

Definition: Average Downtime

Average Downtime

Full Definition of Average Downtime

The number of months anticipated between a lease’s expiration and the beginning of a replacement lease under current market conditions. If a property is expected to take three months to lease after the previous tenant vacates, the average downtime is three months.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Average Downtime. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 03, 2021 https://payrollheaven.com/define/average-downtime/.
Chicago Manual of Style (CMS):
Average Downtime. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/average-downtime/ (accessed: December 03, 2021).
American Psychological Association (APA):
Average Downtime. PayrollHeaven.com. Retrieved December 03, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/average-downtime/

Definition Sources

Definitions for Average Downtime are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.