What is a Building Maintenance Agreement?

Property maintenance contracts are contracts between two parties that create an agreement in which one party will see to the upkeep of a possession of another party in exchange for agreed upon compensation. Such contracts are common in many industries and can be used to cover such items as land, buildings, equipment, and computers, for example. A property maintenance contract sets out the timeline, requirements, expectations, and price to be agreed upon for such coverage.

Such details are usually negotiated and then finalized in a maintenance contract proposal, which is similar to a pro forma invoice or a quote. Once this is agreed to a final agreement is settled with an official contract.

What is Building Maintenance?

Property maintenance is a service that is contracted out when a party does not have the time or resources to see to such maintenance themselves. This maintenance is often essential to the efficient operation of a business or to the longevity of a piece of property.

For this service, there are all manner of companies and agencies that will provide upkeep in return for payment, and if your business cannot devote the proper resources to upkeep, it may be more than worth it to contract the work out. Property maintenance providers will act as caretakers and deal with upkeep, repairs, and replacements so that you don’t have to.

Sources: https://www.upcounsel.com/property-maintenance-contracts