Which term describes the repair or restoration of broken equipment in real estate?

The term that describes the repair or restoration of broken equipment in real estate is Corrective Maintenance. This type of maintenance specifically focuses on addressing issues that have already occurred, such as fixing a broken HVAC unit or repairing a water leak. It is reactive in nature, as it is initiated after a problem has developed, and aims to restore the equipment or system to its proper working condition.

In the context of real estate management, Corrective Maintenance is essential for ensuring that properties remain functional and safe for tenants and owners alike. Understanding this concept helps property managers prioritize repairs and allocate resources effectively.