Maintenance reserve
nounmain·te·nance re·servepronounced MAYN-tuh-nuns reh-ZURV
Last reviewed 16 April 2026
What does the noun Maintenance reserve mean?
Money set aside each month to cover future repairs and upkeep. The common rule of thumb is 1% of the property value per year for a house, reduced for apartments where strata covers building maintenance.
How the noun Maintenance reserve is used
We set aside $500 a month as a maintenance reserve so when the hot water system finally died, we could replace it without dipping into savings.
Synonyms
repair fund, maintenance fund
Related words
Cite this entry
MLA citation: "Maintenance reserve." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/maintenance-reserve. Accessed 29 May 2026.
Chicago citation: How to Property. "Maintenance reserve." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/maintenance-reserve.
APA citation: How to Property. (2026, April 16). Maintenance reserve. https://howtoproperty.com.au/definitions/maintenance-reserve