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Deferred Maintenance

Understand deferred maintenance in Canadian real estate — what it is, why it matters, and how it impacts property value and costs.

Deferred Maintenance

August 08, 2025


What is Deferred Maintenance?

Deferred maintenance refers to necessary repairs or upkeep that have been postponed, often due to budget constraints or neglect.

Why Deferred Maintenance Matters in Real Estate

In Canadian property management, deferred maintenance can lead to higher long-term costs, reduced property value, and safety issues.



Examples:
  • Roof leaks left unaddressed
  • Aging HVAC systems not replaced
  • Structural repairs deferred beyond recommended timelines



Identifying deferred maintenance is critical during property inspections and valuations.

Example of Deferred Maintenance in Action

The buyer negotiated a lower purchase price after discovering extensive deferred maintenance issues during the inspection.

Key Takeaways

  • Delayed repairs or maintenance tasks
  • Can reduce property value and increase costs
  • Common in underfunded capital reserve situations
  • Identified during due diligence inspections
  • Addressing promptly protects asset value

Related Terms

Additional Terms

Public Realm Improvements

Public realm improvements are enhancements to public spaces such as sidewalks, parks, plazas, and streetscapes, often funded or contributed by. more

Mortgagee in Possession

A mortgagee in possession is a lender who takes control of a property after borrower default, but before foreclosure or power of sale. The lender. more

Lease Surrender Agreement

A lease surrender agreement is a negotiated contract between a landlord and tenant that ends a lease before its scheduled expiration. Terms may. more

Green Infrastructure

Green infrastructure refers to natural or engineered systems that manage stormwater, reduce heat, and improve sustainability in developments.. more

Escrow Holdback

An escrow holdback is a portion of funds withheld at closing and held in escrow until specific conditions are met, such as completion of repairs,. more

Underused Housing Tax

The Underused Housing Tax (UHT) is a federal annual 1% tax on the value of vacant or underused residential property owned by non-resident,. more

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