True or False: Months vacant overrides will affect only the first rollover with no blending based on renewal probability.

The statement is true because months vacant overrides in Argus Enterprise are specifically designed to apply to the initial rollover of a lease. When these overrides are in place, they dictate that the vacancy months set will only impact the very first rollover for a given space, without any adjustments reflecting renewal probabilities or blending.

This means that if a property has a predefined months vacant override set, it will not incorporate statistical considerations about the likelihood of lease renewals when calculating projected income or vacancy for future periods after that first rollover. As such, the override is a straightforward instruction that primarily influences the immediate future rather than allowing for a more nuanced, probability-based calculation for subsequent periods.

Option B suggests that this statement is false, which is not correct given the mechanics of how overrides function in Argus Enterprise. Option C implies variability based on property characteristics, which is also not consistent with the fixed behavior of overrides across the board. Finally, option D implies that the impact of the overrides is limited only to initial setups, but this overlooks the broader application of overrides in lease rollovers. Thus, the correct understanding and application of months vacant overrides affirm the statement as true.