Deferred Maintenance

What is deferred maintenance in an HOA?

Deferred maintenance refers to necessary repairs that have been postponed due to budget constraints or other delays. These issues are often identified during reserve studies or property inspections and can build up quietly over time if not addressed.

Why is deferred maintenance important?

It can lead to higher costs later, lower property values, and greater risk of damage. Deferred maintenance can also distort reserve studies and force sudden special assessments, which may frustrate homeowners and strain board credibility.

How can you use “deferred maintenance” in a sentence?

The reserve study revealed that years of deferred maintenance on the building’s exterior would lead to more costs.