What does deferred maintenance refer to?

Deferred maintenance refers to the practice of postponing necessary maintenance activities, which often results in repairs being performed less frequently than they should be. This can occur due to various factors such as budget constraints, lack of time, or prioritizing other projects. By not addressing maintenance issues promptly, the overall condition of the property can deteriorate, potentially leading to more significant problems and higher costs in the long run.

In the context of community association management, understanding deferred maintenance is crucial, as it impacts property values and resident satisfaction. Regular maintenance is vital for preserving the integrity of community assets, and delaying repairs can lead to emergencies, thus affecting budgets and community resources.