Property Management
Deferred maintenance refers to:
AScheduled preventive maintenance
BRepairs and upkeep that have been postponed, leading to further deterioration✓ Correct
CMaintenance completed by tenants
DFuture capital improvement projects
Explanation
Deferred maintenance is necessary maintenance that has been neglected or delayed. It can lead to greater physical deterioration and higher repair costs over time, reducing property value and net income.
Related Georgia Property Management Questions
- A 'management agreement' between a property owner and a property management company must clearly define:
- A 'triple net' (NNN) lease requires the commercial tenant to pay:
- A 'gross lease' for commercial property means the tenant pays:
- A standard residential management agreement in Georgia should specify the manager's authority regarding:
- In Georgia, residential landlords are required to provide tenants with written notice of their intent to sell the property:
- In Georgia, a 'dispossessory proceeding' is initiated when:
- The 'capital expenditures' budget in property management covers costs for:
- A 'holdover tenant' (tenant at sufferance) in a Georgia commercial lease is treated as:
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