Property Management
What is 'deferred maintenance' and how does it affect property management decisions?
AA. Maintenance scheduled for future dates as part of a planned program
BB. Needed repairs that have been postponed, often resulting in accelerating deterioration and higher future costs✓ Correct
CC. Tax-deductible maintenance expenses claimed in a future year
DD. Maintenance performed by tenants rather than the landlord
Explanation
Deferred maintenance refers to repairs and maintenance that have been postponed or neglected. It can accelerate property deterioration, reduce tenant satisfaction, and lead to emergency (and more expensive) repairs. Property managers should track deferred maintenance and address it proactively.
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