Abstract. A commutative Banach algebra A is said to have the P (k, n) property if the following holds: Let M be a closed subspace of finite codimension n such that, for every x ∈ M , the Gelfand transformx has at least k distinct zeros in ∆(A), the maximal ideal space of A. Then there exists a subset Z of ∆(A) of cardinality k such thatM vanishes on Z, the set of common zeros of M . In this paper we show that if X ⊂ C is compact and nowhere dense, then R(X), the uniform closure of the space of rational functions with poles off X, has the P (k, n) property for all k, n ∈ N. We also investigate the P (k, n) property for the algebra of real continuous functions on a compact Hausdorff space.