Property Management
In South Carolina, what is 'deferred maintenance' in property management?
AMaintenance scheduled for a future date due to seasonality
BNecessary repairs and maintenance that have been postponed, reducing property value and potentially increasing future costs✓ Correct
CMaintenance paid for by the tenant and reimbursed later
DMaintenance that is not legally required
Explanation
Deferred maintenance refers to needed repairs and upkeep that have been postponed. It is a form of curable physical deterioration in appraisal.
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