Why is proper maintenance important for leaseholders?

Proper maintenance is crucial for leaseholders primarily because it increases both property value and living conditions. When a property is well-maintained, it not only tends to retain or even appreciate in value over time, which is beneficial for the leaseholders when they are looking to sell or sublet, but it also creates a more pleasant and safe living environment. High standards of maintenance can lead to fewer repairs and lower long-term costs, which can be a significant advantage for leaseholders.

Additionally, good maintenance enhances the overall aesthetics and functionality of the property, which can improve the quality of life for residents. It fosters a sense of community pride and satisfaction, ultimately contributing to tenant retention and attracting new renters in a competitive market. This holistic approach to maintenance thus has a direct positive effect on both the individuals living in the property and the overarching value of the investment for leaseholders.