Property Upkeep

Deferred Maintenance
Deferred maintenance in appraisal refers to the postponement of important repairs or upkeep measures which results in physical depreciation. Common examples include broken window glass, missing roof shingles, peeling paint, and broken gutters.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.