top of page
< Back

Save this article  > 

Elevator Service Trends for Building Owners

BH Elevator
Publication date:
July 7, 2023
Article Summary: 

The blog discusses the common issue of building owners paying for elevator preventative maintenance contracts but not receiving the expected services. Elevators are often neglected, and building owners rely on elevator service providers for information about their equipment. The terms and conditions of elevator contracts are typically in favor of the service provider, leaving the building owners with little control over their equipment. Building codes require maintenance contracts, but there is a lack of oversight, allowing service providers to avoid fulfilling their contractual obligations while still charging full price. This lack of maintenance can lead to equipment breakdowns, increased repair costs, and safety risks. The blog suggests that building owners can draft their own maintenance contracts with favorable terms, hold service providers accountable, and reap benefits like cost reduction, decreased risks, and improved tenant satisfaction.


Building owners, Elevator preventative maintenance contract, Neglected elevators, Elevator service provider, Terms & Conditions, Equipment ownership, Code requirements, Verification of service, Oversight, Accountability, Maintenance avoidance, Full price charges, Lifespan of equipment, Repairs, Increasing risk, Cost increase, Building ownership, Drafting maintenance contract, Terms of service, Holding accountable, Decrease cost, Pre-mature modernization, Unnecessary repairs, RSF (Rentable Square Feet), Reduced entrapments, Decreased CAM (Common Area Maintenance), Property buying/selling, Mitigating risk, Tenant satisfaction.

Source Citation: 
BH Elevator
Elevator Service Trends for Building Owners
July 7, 2023
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page