What is the Definition of Repairs & Maintenance?

Repairs & Maintenance

Noun

Definition: A line item expense that represents all expenses for the general repairs and maintenance of the building including common areas and general upkeep. Includes both in-house payroll and contracted services. Repairs and maintenance expense includes payroll, elevator, HVAC, electrical and plumbing, structural/roof, trash removal, and other repairs and maintenance expense items. Repairs & Maintenance can be provided in total or broken down by the following subcategories: 1. Payroll - The expense of all employees involved in on-going property repairs and maintenance, but whose salaries/wages are not included in other specific expense categories. 2. Elevator - The expense of the contract and any additional expenses br elevator repairs and maintenance. This expense item may also include escalator repairs and maintenance. 3. HVAC — The expense of the contract and any additional expenses for heating, ventilation and air-conditioning systems. 4. Electrical & Plumbing - The expense of all repairs and maintenance associated with the property’s electrical and plumbing systems. 5. Structural/Roof - The expense of all repairs and maintenance associated with the property’s building structure and roof. 6. Trash Removal - The expense of garbage removal services. 7. Other Repairs & Maintenance - The cost of any other repairs and maintenance items not specifically included in other expense categories.

Other Definitions