Welcome to the forum.
I saw a guy on a lawn care TV show recently who recommended including this in your yearly maintenance. Turn deck over, remove & sharpen blades, use plastic scraper to remove built up layer of thatch, check belts, spray a spray can lubricant onto the underside to both prevent rusting and to prevent grass buildup, grease zerks, reattach blades, flip upright. Some spray can type things could be WD-40, Pam, etc. You could also wipe on a low viscosity oil: a vegetable type cooking oil, machine oil, etc. This would prevent Oxygen from getting to the iron and keep clippings for sticking. He recommended once a year, but I would think it wouldn't stay that long. I'd also have concerns about getting it on belts for those decks that have them.