Apr 08 , 2016

Tampa School of Real Estate

Maintenance Clause

Definition:  a provision in a mortgage agreement that requires borrowers to maintain mortgaged property in good condition

Pronunciation:   \ˈmānt-nən(t)s, ˈmān-tə-nən(t)s\ \ˈklȯz\

Used in a Sentence:   When the homeowner did not keep his property in good condition he violated the maintenance clause in his mortgage agreement.