CMHC's term for the percentage of projected market rent that a newly constructed or substantially renovated rental property is expected to achieve. Typically expressed as a percentage (e.g., 85% rental achievement), it's used in ACLP assessments to conservatively estimate property NOI and determine lending capacity during the lease-up phase of a multifamily development.
Rental Achievement
CMHC's term for the percentage of projected market rent that a newly constructed or substantially renovated rental property is expected to achieve. Typically expressed as a percentage (e.g., 85% renta
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