Common use of Budgeted Repairs/Emergency Repairs Clause in Contracts

Budgeted Repairs/Emergency Repairs. Property Manager 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 by property managers 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 the Property or constituting a major new construction program shall be made without the prior written approval of Owner unless specifically referenced in and performed pursuant to any lease previously approved by Owner. In addition, no unbudgeted expenditure in excess of $250 per item or a total of $1,000 per Fiscal Year shall be made for such purposes in connection with any single Property without the prior written approval of Owner. Emergency repairs involving manifest danger to life or property, or 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 may be made, however, by the Property Manager without prior approval and regardless of the cost limitations imposed by this subsection (e). Property Manager shall as soon as practicable give written notice to Owner of any such emergency repairs for which prior approval is not required.

Budgeted Repairs/Emergency Repairs. Property Manager 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 by property managers 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 the Property or constituting a major new construction program shall be made without the prior written approval of Owner unless specifically referenced in and performed pursuant to any lease previously approved by Owner. In addition, no unbudgeted expenditure in excess of $250 2,500 per item or a total of $1,000 10,000 per Fiscal Year shall be made for such purposes in connection with any single Property without the prior written approval of Owner. Emergency repairs involving manifest danger to life or property, or 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 may be made, however, by the Property Manager without prior approval and regardless of the cost limitations imposed by this subsection (e). Property Manager shall as soon as practicable give written notice to Owner of any such emergency repairs for which prior approval is not required.

Budgeted Repairs/Emergency Repairs. Property Manager 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 by property managers 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 the Property or constituting a major new construction program shall be made without the prior written approval of Owner unless specifically referenced in and performed pursuant to any lease previously approved by Owner. In addition, no unbudgeted expenditure in excess of $250 per item or a total of $1,000 per Fiscal Year shall be made for such purposes in connection with any single Property without the prior written approval of Owner. Emergency repairs involving manifest danger to life or property, or immediately necessary for the preservation or the safety of the Initials: PM /s/ RY Owner Property, or for the safety of the tenants of the Property, or required to avoid the suspension of any necessary service to the Property may be made, however, by the Property Manager without prior approval and regardless of the cost limitations imposed by this subsection (e). Property Manager shall as soon as practicable give written notice to Owner of any such emergency repairs for which prior approval is not required.

Budgeted Repairs/Emergency Repairs. Property Manager 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 by property managers 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 the Property or constituting a major new construction program shall be made without the prior written approval of Owner unless specifically referenced in and performed pursuant to any lease previously approved by Owner. In addition, no unbudgeted expenditure in excess of $250 per item or a total of $1,000 per Fiscal Year shall be made for such purposes in connection with any single Property without the prior written approval of Owner. Emergency repairs involving manifest danger to life or property, or immediately necessary for the preservation or the safety of the Initials: PM Owner Property, or for the safety of the tenants of the Property, or required to avoid the suspension of any necessary service to the Property may be made, however, by the Property Manager without prior approval and regardless of the cost limitations imposed by this subsection (e). Property Manager shall as soon as practicable give written notice to Owner of any such emergency repairs for which prior approval is not required.