During which phase are property records typically updated?

Property records are typically updated during the entire life cycle of property items because this ensures that all relevant information is documented and accessible at any time. This includes recording details during the acquisition of the property, tracking changes such as maintenance, updates, or reassignments, and marking the disposal of items when they are no longer in use. Maintaining comprehensive records throughout the life cycle helps in asset management, enhances accountability, and facilitates effective decision-making regarding the property's status and value. This approach contrasts with the other options, which suggest more limited or specific instances for record updates, thus failing to capture the continuous nature of proper property management practices.