Which of the following best describes "property maintenance"?

Property maintenance primarily involves the routine inspections and repairs of property to ensure that buildings and facilities remain safe, functional, and in good condition. This encompasses various tasks such as checking for wear and tear, performing necessary repairs, and executing preventive maintenance to mitigate future issues. Regular property maintenance is crucial for prolonging the lifespan of assets and maintaining their value.

When considering the other options, acquiring new property assets relates to property acquisition rather than maintenance. Financial accounting focuses on budgeting and financial management, which does not directly involve maintaining physical properties. Developing marketing strategies pertains to promoting properties rather than their upkeep. Thus, routine inspections and repairs encapsulate the essence of property maintenance effectively.