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 Project as are customarily made by property managers in the operation of properties of the kind, size and quality of the Project; provided, however, that no unbudgeted alterations, additions or improvements involving a fundamental change in the character of the Project or constituting a major new construction program shall be made without the prior written approval of Owner. In addition, no unbudgeted expenditure in excess of $25,000 per item or a total of $75,000 in any Fiscal Year shall be made for such purposes without the prior written approval of Owner. However, emergency repairs involving manifest danger to life or property, or immediately necessary for the preservation or the safety of the Project, or for the safety of the residents of the Project, or required to avoid the suspension of any necessary service to the Project, or required by any judicial or governmental authority having jurisdiction, may be made by the Property Manager without prior approval and regardless of the cost limitations imposed by this Section 3.7(a). Property Manager shall as soon as practicable give written notice to Owner of any such emergency repairs for which prior approval is not required.