Property Management
Under Mississippi property management, 'deferred maintenance' refers to:
AMaintenance that has been completed ahead of schedule
BRepairs and upkeep that have been delayed or neglected, potentially reducing property value✓ Correct
CMaintenance funded through a reserve account
DMaintenance billed to the tenant at end of lease
Explanation
Deferred maintenance refers to repairs and routine upkeep that have been postponed or neglected. It can lead to greater repair costs over time and reduces the property's condition, value, and marketability.
Related Mississippi Property Management Questions
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- A management agreement between a Mississippi property owner and a property manager should include:
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