Which maintenance program involves replacing assets as they wear out, based on a reserve study?

• A. Replacing assets as needed from the inevitable deterioration process, based on the reserve study and replacement fund budget
• B. Routine maintenance
• C. Emergency maintenance
• D. Requested maintenance

Answer: (A)

This describes planning for major replacements before they fail by using a reserve study to forecast when assets will reach end of life and how much their replacements will cost, then funding those replacements in a replacement fund budget. The idea is to replace assets as they wear out, with the funds already set aside so there’s money available when neglect would otherwise lead to a big, unplanned expense. This contrasts with routine maintenance (ongoing upkeep to extend life but not replace major components), emergency maintenance (unplanned fixes after a failure), or requested maintenance (work based on resident requests). By following a funded replacement approach informed by the reserve study, the association can systematically replace assets as they wear out.