What does Corrective Work mean?

Corrective work refers to any repairs, renovations, or other improvements that are made to a property in order to fix problems or deficiencies. Corrective work can be necessary for a variety of reasons, such as to address safety concerns, to bring a property up to code, or to improve its appearance or functionality.

Related Terms

Refinancing Building and Loan Association Open Space Building Restrictions Domed Ceiling Loan Application Fee Assumption Fee Owner Financing Builder Upgrades Adjusted Cost Basis Corporate Relocation Credit Card Discounts Per-Diem Interest Exchange Build-To-Suit Certificate of Sale Fiduciary duty HOA