Definition
Repairs and upkeep postponed, accumulating as a future cost and reducing property value.
Example
The inspection identified $46,000 of deferred maintenance the seller had let accumulate.
Related terms
Frequently asked questions
What does Deferred Maintenance mean in real estate?
Repairs and upkeep postponed, accumulating as a future cost and reducing property value.
How is Deferred Maintenance used in practice?
The inspection identified $46,000 of deferred maintenance the seller had let accumulate.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.