Deferred maintenance means postponing the maintenance of a community’s common elements. Deferred maintenance can be due to an oversight or to a lack of funds needed to conduct routine maintenance of the common elements. Therefore, the maintenance must be pushed back until money becomes available. Deferring the maintenance can have a negative and long lasting impact on the community. The outcome of deferred maintenance will often be a net cost much higher than if the work was completed when needed. Read more…….
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