Property Management
What is 'deferred maintenance' in Rhode Island property management?
AMaintenance paid for at the end of the lease term
BMaintenance that has been postponed, resulting in deteriorating conditions and potentially higher future repair costs✓ Correct
CAnnual maintenance scheduled by the property manager
DMaintenance paid for by the tenant
Explanation
Deferred maintenance is maintenance that has been delayed or postponed, allowing property conditions to deteriorate. It is a concern for property managers and investors, as deferred maintenance can lead to larger, more costly repairs and reduce property value.
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