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deferred maintenance

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
deferred maintenance
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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If you have a lot of deferred maintenance or unfinished projects then you are hindering your chances of a successful sale.
The bond money comes on top of an $8 million allocation to LCC for deferred maintenance work from the state's recently passed stimulus bill, which provides $175 million for infrastructure projects throughout the state.
This property is in great condition with no significant deferred maintenance issues.
 
 
 
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