property maintenance contracts is an agreement in which one party will see to the upkeep of a possession of another party for agreed compensation.3 min read property maintenance contracts are contracts between two parties that create an agreement in which one party will see to the upkeep of a possession of another party in exchange for agreed upon compensation. a property maintenance contract sets out the timeline, requirements, expectations, and price to be agreed upon for such coverage. property maintenance is a service that is contracted out when a party does not have the time or resources to see to such maintenance themselves. this maintenance is often essential to the efficient operation of a business or to the longevity of a piece of property. a good contractor will attempt to preserve (if not increase) the value of the property they oversee, as well as honor any tenant requests promptly and be transparent in their dealings. building maintenance pertains to the cleaning of a building, either interior, exterior, or both, in addition to tangible property within the building.