Replacement Reserve

Definition of "Replacement reserve"

Shawn  Hermansen real estate agent
Shawn Hermansen RE/MAX Encore II

Money set aside to buy new assets when the older ones are no longer appropriate for the intended use. An example is when the landlord must replace a deteriorating and malfunctioning air conditioner or refrigerator in the tenant's apartment.

Have a question or comment? We're here to help.

*** Your email address will remain confidential.

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ