For a community association, which term describes the process of operating, maintaining, repairing, and replacing common property?

• A. preventive maintenance
• B. facilities management
• C. maintenance record
• D. scheduled replacement

Answer: (B)

This question tests understanding of how a community association manages the upkeep of shared spaces. Handling the operation, ongoing maintenance, repair, and eventual replacement of common property is described as facilities management. This term covers the full lifecycle of assets: running daily activities, performing routine care to keep things functioning and safe, addressing repairs as needed, and planning for major replacements when components wear out. Preventive maintenance is a part of this work but focuses specifically on scheduled tasks to prevent failures, not the entire management scope. A maintenance record is simply a log of what has been done, and scheduled replacement is planning for when assets will be replaced. So the best description of the overall process is facilities management.