Property ManagementIntermediateDelaware Exam
What is 'deferred maintenance' in the context of Delaware property management?
AMaintenance performed before problems develop
BPostponed repairs and upkeep that have accumulated over time, reducing property valueCorrect
CMaintenance paid by the tenant under a triple-net lease
DRegular scheduled maintenance performed on a set calendar
Why Postponed repairs and upkeep that have accumulated over time, reducing property value Is Correct
Answer B: Postponed repairs and upkeep that have accumulated over time, reducing property value
Deferred maintenance refers to the accumulation of repairs and upkeep tasks that have been postponed or neglected, resulting in deterioration of the property and reduced value.
Exam Tip: Property Management
Property management questions cover landlord-tenant law, security deposits, and maintenance responsibilities. Know the differences between gross, net, and percentage leases.
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