Property Management
What is 'deferred maintenance' in property management and why is it a concern?
AMaintenance scheduled for the future
BRepairs and maintenance that have been postponed, leading to greater deterioration and eventually higher costs✓ Correct
CMaintenance covered by a warranty
DRoutine maintenance done seasonally
Explanation
Deferred maintenance is maintenance that has been delayed or postponed. It leads to accelerating deterioration, higher eventual repair costs, and reduced property value. In appraisal, significant deferred maintenance is a form of curable physical depreciation.
Related Idaho Property Management Questions
- What is 'net operating income' (NOI) in property management and why is it the key financial metric?
- What is 'turnover cost' in property management and why is it significant?
- What is the difference between a gross lease and a net lease in commercial property management?
- In Idaho, what must a property manager do when an owner instructs them to violate fair housing law?
- What is 'gross leasable area' (GLA) in commercial property management?
- What does 'net operating income' (NOI) represent for a managed property?
- What is 'tenant retention' in Idaho property management and why is it a financial priority?
- A 'gross lease' versus a 'net lease' primarily differs in:
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →