Duties of Property Manager. Subject to (i) the provisions hereof including Article One, and (ii) each Approved Budget (as defined in Section 2.2 below) and in accordance therewith, Property Manager shall have authority to take such actions, and perform such duties, as Property Manager deems necessary and desirable for the care, protection, providing security for, operation, maintenance, repair, replacement, and leasing of the Properties; provided, however, that it shall not be deemed a failure by Property Manager to perform its duties hereunder to the extent that the performance of any such duties requires the expenditure of funds which are not made available to Property Manager for such purposes. Property Manager, in performing its duties and obligations under this Agreement, shall perform such duties and obligations ethically and to the best of its abilities using all necessary care, skill, expertise, prudence, and diligence in accordance with high standards of professional property management in the management of comparable properties of similar size and in similar locations and with standard practices acceptable and common in the community shopping center industry. Property Manager’s duties hereunder shall include, without limitation, the following:
Appears in 6 contracts
Samples: Management and Leasing Agreement (Retail Value Inc.), Management and Leasing Agreement (Retail Value Inc.), Management and Leasing Agreement (Retail Value Inc.)
