The term IT MAY BE VACANT can be broken down into two crossword solutions: LOT (3 letters) and STARE (5 letters). LOT is an acronym for 'Lease Option to Buy' which is a type of real estate contract that allows a tenant to rent a property with the option to purchase it at a later date. STARE is a verb meaning to look fixedly or intently, usually with a sense of wonder or admiration. Together, these two words suggest that a property may be vacant and available for purchase, but it is also something that should be looked at with admiration.