deferred maintenance

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A physical deterioration of a property due to lack of periodic repairs, routine maintenance, and necessary replacements. Commenting that a property has deferred maintenance issues is a polite way of saying it appears shabby and needs work.

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This could result in deferred maintenance of the target housing, possibly creating greater lead hazards.

IREM greater NY president opposes lead paint rule by Real Estate Weekly

But as the infrastructures of the nation's institutions age, planning and budgeting for deferred maintenance are increasingly crucial to the cost-effective operation of a campus.

Maintenance crunch: two architects show how IHEs can avoid costly ... by Duce, Anthony / University Business

Entities should report the condition (11) of the heritage assets (which may be reported with the deferred maintenance information (12) as required supplementary information.

Statement of Federal Financial Accounting Standards No. 29--Heritage ... by Journal of Accountancy

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