Maintenance and accumulated repairs that have been postponed. Back to the Top
Physical deterioration of a building resulting from postponed maintenance.
Existing requirements for repairs and rehabilitation but has yet to be performed.
Maintenance projects for capital assets. For example, painting buildings or repair of roads and sidewalks. Deferred maintenance is administered by the Office of Administration and is primarily funded with categorical funding from the state.
Postponed, infrequent or inadequate maintenance practices on a building or property often resulting in physical depreciation and loss of value. Also called curable depreciation.
requirements for maintenance, repairs, and correction of a property that are not yet fulfilled.The understanding is that these repairs will be made, but are delayed until a future point in time.
Curable, physical deterioration that should be corrected. Repairs needed to restore a property to good condition.
Lack of repairs and maintenance to a property. A property in this condition may be a "fixer".
Existing but unfulfilled requirements for repairs and rehabilitation, deferred until a later date.
Curable, physical deterioration that should be corrected immediately, although work has not commenced.
Repairs that are needed have been put off
Maintenance that has been neglected.
Routine property upkeep that has been neglected.
Repairs necessary to put a property in good condition. A concern of a purchaser. An owner may have an account for such maintenance.
Building maintenance which has been neglected for an extended period.
A formal or informal listing of unaccomplished maintenance tasks. Such situations arise because of shortages of funds, personnel, or specific management practices.
Necessary repairs and upkeep that have been left undone by the seller. Maintenance that has been deferred can represent an opportunity in a deal, allowing you to negotiate a lower price.
Any repair or maintenance of a piece of property that has been postponed, resulting in a decline in property value.
Maintenance that has not been carried out when it was needed.
Repair and upkeep that has been neglected or postponed.
Needed repairs that have been put off.
Postponed repairs or maintenance on a piece of property, which result in a decline of property value.
Repairs necessary to restore a property to good condition.
Repairs and maintenance that are committed to, but will not be completed until some point in the future.
Deferred maintenance is a practice of allowing machinery or infrastructure to deteriorate by postponing prudent but non-essential repairs to save cost, labor and/or material. The failure to perform needed repair, maintenance, and renewal by normal maintenance management creates deferred maintenance. Generally, a policy of continuing deferred maintenance will result in higher costs or failure than if normal maintenance had occurred.