General Property Repairs Sample Clauses

General Property Repairs. Seller is only obligated to make such general repairs as are necessary to bring 293 items into the condition specified in Paragraph 12(b) (ii) above. Seller shall within 10 days after receipt of Buyer’s 294 written notice or General Inspection report, either have the reported repairs to General Repair Items estimated 295 by an appropriately licensed person and a copy delivered to Buyer, or have a second inspection made by a 296 Professional Inspector and provide a copy of such report and estimates of repairs to Buyer. If Buyer’s and 297 Seller’s inspection reports differ and the parties cannot resolve the differences, Buyer and Seller together shall 298 choose, and equally split the cost of, a third Professional Inspector, whose written report shall be binding on 299 the parties. 300 If cost to repair General Repair Items equals or is less than the General Repair Limit, Seller shall have repairs 301 made in accordance with Paragraph 12(f). If cost to repair General Repair Items exceeds the General Repair 302 Limit, then within 5 days after a party’s receipt of the last estimate: (A) Seller may elect to pay the excess by 303 delivering written notice to Buyer, or (B) Buyer may deliver written notice to Seller designating which repairs of 304 General Repair Items Seller shall make (at a total cost to Seller not exceeding the General Repair Limit) and 305 agreeing to accept the balance of General Repair Items in their “as is” condition, subject to Seller’s continuing 306 Maintenance Requirement. If neither party delivers such written notice to the other, then either party may 307 terminate this Contract and Buyer shall be refunded the Deposit, thereby releasing Buyer and Seller from all 308 further obligations under this Contract. 309 (c) WOOD DESTROYING ORGANISM (“WDO”) INSPECTION AND REPAIR: 310 (i) WDO Inspection: The Property may be inspected by a Florida-licensed pest control business (“WDO 311 Inspector”) to determine the existence of past or present WDO infestation and damage caused by infestation 312 (“WDO Inspection”). Buyer shall, within the Inspection Period, deliver a copy of the WDO Inspector’s written
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Related to General Property Repairs

  • Tenant’s Repairs Subject to Section 13 hereof, Tenant, at its expense, shall repair, replace and maintain in good condition all portions of the Premises, including, without limitation, entries, doors, ceilings, interior windows, interior walls, and the interior side of demising walls. Such repair and replacement may include capital expenditures and repairs whose benefit may extend beyond the Term. Should Tenant fail to make any such repair or replacement or fail to maintain the Premises, Landlord shall give Tenant notice of such failure. If Tenant fails to commence cure of such failure within 10 days of Landlord’s notice, and thereafter diligently prosecute such cure to completion, Landlord may perform such work and shall be reimbursed by Tenant within 10 days after demand therefor; provided, however, that if such failure by Tenant creates or could create an emergency, Landlord may immediately commence cure of such failure and shall thereafter be entitled to recover the costs of such cure from Tenant. Subject to Sections 17 and 18, Tenant shall bear the full uninsured cost of any repair or replacement to any part of the Project that results from damage caused by Tenant or any Tenant Party and any repair that benefits only the Premises. Notwithstanding anything to the contrary contained in this Lease, as of the Rent Commencement Date, the maintenance and repair obligations for the Premises shall be allocated between Landlord and Tenant as set forth on Exhibit H attached hereto. The maintenance obligations allocated to Tenant pursuant to Exhibit H (the “Tenant Maintenance Obligations”) shall be performed by Tenant at Tenant’s sole cost and expense. The Tenant Maintenance Obligations shall include the procurement and maintenance of contracts, in form and substance reasonably satisfactory to Landlord, with copies to Landlord upon Landlord’s written request, for and with contractors reasonably acceptable to Landlord specializing and experienced in the respective Tenant Maintenance Obligations. Notwithstanding anything to the contrary contained herein, the scope of work of any such contracts entered into by Tenant pursuant to this paragraph shall, at a minimum, comply with manufacturer’s recommended maintenance procedures for the optimal performance of the applicable equipment. Landlord shall, notwithstanding anything to the contrary contained in this Lease, have no obligation to perform any Tenant Maintenance Obligations. The Tenant Maintenance Obligations shall not include the right or obligation on the part of Tenant to make any structural and/or capital repairs or improvements to the Project, and Landlord shall continue, as part of Operating Expenses, to be responsible, as provided in Section 13, for capital repairs and replacements required to be made to the Project. If Tenant fails to maintain any portion of the Premises for which Tenant is responsible as part of the Tenant Maintenance Obligations in a manner reasonably acceptable to Landlord within the requirements of this Lease, Landlord shall have the right, but not the obligation, to provide Tenant with written notice thereof and to assume the Tenant Maintenance Obligations if Tenant does not cure Tenant’s failure within 10 days after receipt of such notice.

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