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The Problems With Deferred Maintenance

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SKU: MSM-0919-4-1-1-1-1-1-1-1-1-1-1-1. Categories: , , ,

BY SCOTT I. ZUCKER, ESQ.

Regular maintenance on leased real estate is a topic that affects all property owners and managers. Although budgets are often drafted to consider regular ongoing maintenance obligations, no one, no matter how well a property is doing, wants to carry the added expense of maintenance, repair, or replacement to their bottom line. It is a natural reaction to be cost conscious and profit driven but, as a result, the issue of deferred maintenance impacts owners and operators, especially after a tenant claims injury or damage to property arising from the condition of the leased real estate.