{"id":3272,"date":"2022-09-13T18:21:17","date_gmt":"2022-09-13T18:21:17","guid":{"rendered":"https:\/\/development-partneresi-clients.connect.media\/?post_type=glossary&#038;p=3272"},"modified":"2023-07-19T09:39:23","modified_gmt":"2023-07-19T16:39:23","slug":"expected-useful-life-eul","status":"publish","type":"glossary","link":"https:\/\/www.partneresi.com\/resources\/glossary\/expected-useful-life-eul\/","title":{"rendered":"Expected Useful Life (EUL)"},"content":{"rendered":"<p>The Expected Useful Life or &#8220;EUL&#8221; is the average amount of time in years that an item, component or system (in a building or property improvement) is estimated to function when installed new and assuming routine maintenance is practiced. For example, the expected useful life of a roof with a PVC membrane may be approximately 15 to 20 years.<\/p>\n<p>The Expected Useful Life of building components and systems is noted in a <a href=\"https:\/\/www.partneresi.com\/services\/building-assessments\/property-condition-assessments\" target=\"_blank\" rel=\"noopener\">Property Condition Assessment<\/a>and is used to help calculate expected short- and long-term capital expenses required to maintain a property. Freddie Mac and Fannie Mae refer to this term as the \u201cEstimated Useful Life.\u201d<\/p>\n","protected":false},"featured_media":11072,"parent":0,"menu_order":157,"template":"","categories":[1],"letter":[1141],"tags":[],"services-tag":[],"class_list":["post-3272","glossary","type-glossary","status-publish","has-post-thumbnail","hentry","category-uncategorized","letter-e"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v23.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Expected Useful Life (EUL) Definition | Partner ESI<\/title>\n<meta name=\"description\" content=\"The Expected Useful Life is the average amount of time in years that an item, component or system is estimated to function when installed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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