Maintenance and Administration Sample Clauses
The MAINTENANCE AND ADMINISTRATION clause outlines the responsibilities and procedures for the ongoing upkeep and management of a property, asset, or contractual arrangement. It typically specifies which party is responsible for routine maintenance, repairs, and administrative tasks such as record-keeping or compliance with regulations. For example, in a lease agreement, this clause may require the tenant to handle minor repairs while the landlord manages structural maintenance. Its core practical function is to clearly allocate duties between parties, thereby preventing disputes and ensuring the smooth operation and preservation of the subject matter.
Maintenance and Administration. Grantor shall keep and maintain the Property, including the Exterior and Interior of the principal 1st floor lobby (as hereinafter defined) of the improvements thereon, in good, clean and safe condition. Grantor shall maintain, repair and administer the Property and the Exterior and Interior of the improvements thereon in a manner to preserve the historic, aesthetic and cultural character and appearance of the Property and the improvements thereon as shown and described in Exhibit A. The maintenance, repair and administration of the Property and the Exterior and Interior of the improvements thereon shall further conform to the requirements of Paragraph D below. This covenant does not require reconstruction of any improvements which are destroyed in whole or in part by casualty loss unless insurance proceeds are available for such purposes.
Maintenance and Administration. Grantor agrees at all times to keep and maintain the Property and the existing Building(s) in the same or better structural condition and state of repair as that existing on the effective date of this Easement, so as not to be deemed an “unsafe” structure as defined in Section 108.1.1 of the Property Maintenance Code; and as to prevent “demolition by neglect” of an unsafe structure as outlined in Section 115.1, et seq. of the International Building Code, as adopted by the County in the Construction and Property Maintenance Code Supplement of the County Code as of the recordation date of this Easement.
Maintenance and Administration. The Lessor declares that Operadora Di, S.C. shall be responsible for providing administration, maintenance, and conservation services for the Building’s common areas, including the following: ● Structural maintenance. ● Waterproofing of walls and roofs. ● External cleaning of facades. ● Cleaning of common areas, restrooms, and lobby. ● Maintenance of the central air conditioning system. ● 24/7 security and surveillance at main ground floor and parking access points. ● Preparation of the Internal Civil Protection Program for common areas. ● Electricity consumption in common areas. ● Water consumption in common areas. ● Maintenance of the fire-fighting system. ● Maintenance of elevators. ● Maintenance of emergency power plants. ● Lighting of common areas. The maintenance fee shall not include capital investments, structural repairs, or elevator replacements, which shall be the exclusive responsibility of the Lessor. The monthly maintenance fee to be paid by the Lessee to Operadora Di, S.C. shall be MXN$54,960.00 (fifty-four thousand nine hundred sixty Mexican pesos even) plus the corresponding VAT, calculated at a rate of $60.00 (sixty Mexican pesos even) per rentable square meter. This fee shall commence on the start date of monthly rent payment, i.e., December 10, 2025. For this purpose, the Lessee shall pay the prorated maintenance fee for the month of December 2025, equivalent to MXN$39,003.87 (thirty-nine thousand three Mexican pesos and eighty-seven cents) plus VAT. Starting from December 1, 2026, and on an annual basis, the monthly maintenance fee agreed upon in this Clause shall be increased based on the percentage change in the INPC (National Consumer Price Index) published by INEGI (National Institute of Statistics and Geography) for the preceding twelve months. For practical purposes, this percentage shall be calculated by dividing the INPC of October 2026 by the INPC of October 2025 for the expiration of the first year of this Agreement, and so on for each year during the term of this Agreement, always using October as the base month for calculating inflation over the preceding twelve months. In the event the INPC is not published, any other indicator that objectively reflects inflation in Mexico between the applicable October months during the term of the Agreement shall be used as the base. The entire procedure for paying the monthly maintenance fee shall be in accordance with the procedure described in Clause Third of this Agreement, except fo...
Maintenance and Administration. Grantor agrees at all times to keep and maintain the Property and the existing Building(s) in the same or better structural condition and state of repair as that existing on the effective date of this Easement, so as not to be deemed an “unsafe” structure as defined in Section 108.1.1 of the Property Maintenance Code; and as to prevent “demolition by neglect” of an unsafe structure as outlined in Section 115.1 of the International Building Code, each as amended from time to time.
Maintenance and Administration