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Term

Upkeep

Upkeep work comprises the running care and maintenance of existing properties in order to maintain their condition. This includes minor repairs or the exchange of non-essential sections of the building. It is important that this does not lead to a substantial increase of the value in use or useful life of the property. Examples of upkeep work are routine maintenance work, painting the staircase, repairing the façade, or renewing individual parts of the building due to storm or hail damage.