maintenance fund
Building repair savings
A maintenance fund is money set aside to cover upkeep and repair costs for shared property, typically in condominiums, homeowners associations, or commercial buildings.
Residents or owners contribute regularly to the fund, which pays for things like roof repairs, landscaping, and common area improvements: The HOA raised monthly dues to replenish the maintenance fund.
- reserveSupply kept back
- escrowConditional third-party deposit
- duesRegular membership payments
- annual duesPeriodic membership payments
- assessmentFormal evaluation of worth
special assessment · HOA · condo association · property manager · upkeep · repairs · capital improvement · budget · savings · contingency · pool · common area · contribution · levy · kitty · endowment · depreciation · capital
maintenance fundemergency fund
Reserve for unexpected expenses
contingency fund · rainy day fund · emergency reserve · slush fund · disaster fund
maintenance fundgrowth fund
Investment targeting appreciation
building fund · investment fund · venture capital · startup capital
maintenance funddeferred maintenance
Postponed upkeep work
financial neglect · deficit · debt · budget shortfall · arrears
maintenance, fund, maintain, maintained, maintaining, maintains, maintainer, maintainable, unmaintainable