Listen to a Business English Dialogue About House maintenance requirement
Orla: Hi Lillian, do you know about the house maintenance requirement?
Lillian: No, I don’t. What is it?
Orla: It’s a condition often included in mortgage agreements where homeowners are required to maintain their property in good condition to ensure its value is preserved.
Lillian: Oh, I see. So, it’s about keeping the house in good shape?
Orla: Exactly. Regular upkeep like repairing leaks, painting, and maintaining the yard can help prevent the property from depreciating.
Lillian: Are there any consequences if homeowners don’t meet the maintenance requirement?
Orla: Yes, if the house falls into disrepair, it could violate the terms of the mortgage agreement, leading to penalties or even foreclosure in severe cases.
Lillian: That sounds serious. Is the maintenance requirement the same for all mortgages?
Orla: It can vary depending on the lender and the specific terms of the mortgage contract, but generally, most mortgages have some form of maintenance requirement.
Lillian: Can homeowners hire professionals to handle maintenance tasks?
Orla: Yes, they can hire professionals for tasks they’re unable to do themselves, but ultimately, it’s the homeowner’s responsibility to ensure the property is properly maintained.
Lillian: So, regular inspections are important to make sure everything is in order?
Orla: Absolutely. Regular inspections can help identify issues early on and prevent them from becoming larger, more costly problems.
Lillian: Thanks for explaining, Orla. I didn’t realize there were specific requirements for maintaining a house with a mortgage.
Orla: You’re welcome, Lillian. It’s important to understand these requirements to protect your investment in your home.