Deferred Maintenance
Definition of "Deferred maintenance"
Factor in real estate appraisal. A type of physical depreciation owing the lack of normal upkeep, such as broken glass and doors and discolored paint that negatively impacts the value of property.
Popular Real Estate Terms
Identifying marker of a company. Attesting to something such as the validity of an instrument used in real estate. ...
Real estate sales contract where possession and use is provided to the buyer, but the deed is kept by the seller until the full purchase price is met whereupon the title is placed in the ...
Siding made out of aluminum, plastic derivates, or cement asbestos having ridges and valleys which is attached to the sides of buildings. ...
Also known as adjoining landowners or abutting owners, adjoining owners are property owners whose property touches a common property. The definition of adjoining property owners is those ...
Under law, a warranty in effect even if not expressly stated. It provides that real property sold is warranted to be appropriate for sale and is in proper condition even if not stated, ...
What is the meaning of a story, and what is it good for? The story definition is a floor, level, or deck in a construction or building. What does story mean in real estate? A real ...
Lease that requires periodic equal rental payments that will not charge for the term of the lease. A straight lease is also known as a flat lease. ...
Member Of the American Institute of Real Estate Appraisers. ...
Derogative term describing a high-pressure telemarketing office where sales personnel often use extremely exaggerated claims as well as intense sales practices to convince targets clients ...
Comments for Deferred Maintenance
The appraiser didn't do the deferred maintenance on my house and lie like they did. What can I do about this?
Sep 08, 2018 20:18:21Hey Betty,
Sep 10, 2018 16:29:22Thanks for reaching out!
When you say he didn't do, you mean he didn't "measure the value of it"? Because appraisers are not supposed to do any maintenance to the house themselves - only calculate the value of the house - and the deferred maintenance is one of the factors of this calculation. But, anyway, we suggest you talk to your real estate agent and maybe even call a real estate lawyer to see what you can do in this situation. Good luck!
Have a question or comment?
We're here to help.