NEGLECTING MAINTENANCE: A COSTLY MISTAKE BY LANDLORDS

NEGLECTING MAINTENANCE: A COSTLY MISTAKE BY LANDLORDS

One major mistake Landlords make is failing to maintain their property. Some assume that once a tenant moves in, their responsibility ends – until a major problem arises. Poor maintenance leads to property damage, tenant dissatisfaction and depreciation of property value.

Neglecting repairs can result in plumbing leaks, electrical hazards, roof damage, or structural issues, making the property unsafe and uninhabitable. Over time, minor problems escalate into expensive repairs that could have been prevented with timely maintenance. Health risks such as mold, pest infestations and poor sanitation can also lead to avoidable issues from tenants.

Tenants in poorly maintained buildings often refuse to renew tensncies, pay less rent, or withhold payments altogether. A bad reputation can make it difficult to attract quality tenants, increasing vacancy and loss of rental income. In extreme cases, government agencies may fine Landlords for violating housing and sanitation regulations.

Regular maintenance preserves property value, ensures tenant satisfaction and prevents costly repairs. Smart Landlords conduct routine inspections, address repairs promptly and hire professionals when needed. Investing in maintenance is not an expense – it is a strategy to protect your investment and maintain steady rental income.
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APEX CHAMBERS, Law Firm of Property/Real Estate Lawyers, Attorneys, Barristers, Solicitors in Port Harcourt, Nigeria.

Phone: +234(0)7030868694

Email: info@apexchambersglobal.com

Website: www.apexchambersglobal.com