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Preferred term

maintenance  

Definition

  • Maintenance is the systematic process of ensuring that a real estate asset consistently meets its key performance and operational standards over the term of its anticipated life. In terms of residential housing, a real estate asset can be a single-family home, a small format apartment building, a condominium development, a cooperative, an apartment complex, or a large-scale mixed-use development comprising residential, retail, and commercial spaces. [Source: The Encyclopedia of Housing; Maintenance]

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https://concepts.sagepub.com/social-science/concept/maintenance

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