Common use of Alterations, Repairs and Maintenance Clause in Contracts

Alterations, Repairs and Maintenance. (a) Agent shall, at Owner's expense, perform or cause to be performed all necessary or desirable repairs, maintenance, cleaning, painting and decorating, alterations, replacements and improvements in and to the Property as are customarily made in the operation of properties of the kind, size and quality of the Property; provided, however, that no unbudgeted alterations, additions or improvements involving a fundamental change in the character of any of the buildings or constituting a major new construction program shall be made without the prior written approval of Owner (unless performed pursuant to any lease or budget previously approved by Owner). In addition, no unbudgeted expenditure in excess of $2,000 per item shall be made except as provided for in Section 4.03, or unless such repairs are immediately necessary for the preservation or the safety of the Property, or for the safety of the tenants of the Property, or required to avoid the suspension of any necessary service to the Property, or are required by any judicial or governmental authority having jurisdiction. These repairs may be made by the Agent without prior approval and regardless of the cost limitations imposed by this Section 4.06(a); further, provided that Agent shall as soon as practicable give written notice to Owner of any such emergency repairs for which prior approval is not required.

Appears in 3 contracts

Samples: Management Agreement (Vinings Investment Properties Trust/Ga), Management Agreement (Vinings Investment Properties Trust/Ga), Management Agreement (Vinings Investment Properties Trust/Ga)

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Alterations, Repairs and Maintenance. (a) Agent shall, at Owner's expense, perform or cause to be performed all necessary or desirable repairs, maintenance, cleaning, painting and decorating, alterations, replacements and improvements in and to the Property as are customarily made in the operation of properties of the kind, size and quality of the Property; provided, however, that no unbudgeted alterations, additions or improvements involving a fundamental change in the character of any of the buildings or constituting a major new construction program shall be made without the prior written approval of Owner (unless performed pursuant to any lease or budget previously approved by Owner). In addition, no No unbudgeted expenditure in excess of $2,000 per item expenditures shall be made except as provided for in Section 4.03, or unless such repairs are immediately necessary for the preservation or the safety of the Property, or for the safety of the tenants of the Property, or required to avoid the suspension of any necessary service to the Property, Property or are required by any judicial or governmental authority having jurisdiction. These repairs may be made by the Agent without prior approval and regardless of the cost limitations imposed by this Section 4.06(a); further, provided that Agent shall as soon as practicable give written notice to Owner of any such emergency repairs for which prior approval is not required.

Appears in 2 contracts

Samples: Management Agreement (Vinings Investment Properties Trust/Ga), Management Agreement (Vinings Investment Properties Trust/Ga)

Alterations, Repairs and Maintenance. (a) Agent Property Manager shall, at Owner's ’s expense, perform or cause to be performed all necessary or desirable repairs, maintenance, cleaning, painting and decorating, alterations, replacements and improvements in and to the Property as are customarily made Properties subject to the limitations set forth in the operation of properties of the kind, size and quality of the PropertyAnnual Budget; provided, however, that no unbudgeted alterations, additions or improvements involving a fundamental change in the character of any of the buildings Property or constituting a major new construction program shall be made without the prior written approval of Owner (unless performed pursuant to any lease or budget previously approved by Owner). In addition, no unbudgeted expenditure in excess of $2,000 per item that permitted under Section 3.2(b) hereof shall be made except as provided for in Section 4.03such purposes without the prior written approval of Owner. However, emergency repairs involving manifest danger to life or unless such repairs are property, immediately necessary for the preservation or the safety of the Property, a Property or for the safety of the tenants of the Property, a Property or required to avoid the suspension of any necessary service to the Property, or are required by any judicial or governmental authority having jurisdiction. These repairs a Property may be made by the Agent Property Manager without prior approval and regardless of the cost limitations imposed by this Section 4.06(a3.6(a); further, provided that Agent shall as soon as practicable give written notice emergency repairs undertaken without the prior approval of Owner must be confirmed in writing to Owner within 24 hours following the making of any such emergency repairs for which prior approval is not requiredrepairs.

Appears in 2 contracts

Samples: Property Management Agreement (U-Store-It Trust), Property Management Agreement (U-Store-It Trust)

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Alterations, Repairs and Maintenance. (a) Agent Property Manager shall, at Owner's ’s expense, perform or cause to be performed all necessary or desirable repairs, maintenance, cleaning, painting and decorating, alterations, replacements and improvements in and to the Property as are customarily made in the operation of properties of the kind, size and quality of the Property; Property (including, but not limited to, tenant improvements) provided, however, that no unbudgeted alterations, additions or improvements involving a fundamental change in the character of any of the buildings Building or constituting a major new construction program shall be made without the prior written approval of Owner (unless performed pursuant to any lease or budget previously approved by Owner). In addition, no unbudgeted expenditure in excess of $2,000 2,500 per item shall be made except as provided for in Section 4.03without prior written approval of Owner, provided, however, that emergency repairs involving manifest danger to life or unless such repairs are property or immediately necessary for the preservation or the safety of the Property, Property or for the safety of the tenants of the Property, Property or required to avoid the suspension of any necessary service to the Property, Property or are required by any judicial or governmental authority having jurisdiction. These repairs jurisdiction may be made by the Agent Property Manager without prior written approval and regardless irrespective of the cost limitations imposed by this Section 4.06(a3.06 (a); further, provided that Agent Property Manager shall as soon as practicable give immediate telephone and written notice to Owner of any such emergency repairs for which prior approval is not required.

Appears in 2 contracts

Samples: Management and Leasing Agreement, Management and Leasing Agreement (Dividend Capital Total Realty Trust Inc.)

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