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MAINTENANCE

Maintenance indicates the procedure of maintaining, preserving, or retaining the condition, state, or situation of anything. It also indicates the provision of financial aid for covering living expenditure.

Definition

Maintenance is the act of maintaining anything. This means maintaining buildings, homes, gadgets, items, and even providing financial aid for maintaining standards of living or helping cover someone’s living expenditure. It means the up-keep of any equipment or property.

Use of Maintenance in Real Estate

It goes without saying that maintenance is a pivotal part of all real estate. All real estate buildings, homes, offices, retail spaces, industrial units, logistics and warehousing units, and other structures require maintenance. There should be periodic maintenance done for keeping these buildings safe, sound, and habitable. This pertains to structural maintenance, repair, and renovation works, along with maintenance of drainage, sewage, water, electricity, and other necessities/utilities, in tandem with the walls, flooring, ceilings, paint, fixtures, etc. Maintenance of property means any action taken for keeping it completely operational and functional and also in the best possible condition. There are diverse tasks and duties encompassed within property maintenance including cleaning, stock-taking, repairs, safety evaluation, and many more.

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