Maintenance and Repair of Property. Manager shall use diligent efforts to maintain, at Owner’s expense, the buildings, appurtenances and grounds of the Property in good condition and repair, including interior and exterior cleaning, painting and decorating, plumbing, carpentry and such other normal maintenance and repair work as may be necessary or reasonably desirable taking into consideration the amount allocated therefor in the Annual Business Plan. With respect to any expenditure not contemplated by the Annual Business Plan, Manager shall not incur any individual item of repair or replacement in excess of Five Thousand Dollars ($5,000.00) unless authorized in writing by Owner’s Representative, except, however, that emergency repairs immediately necessary for the preservation and safety of the Property or to avoid the suspension of any service to the Property or danger of injury to persons or damage to property may be made by Manager without the approval of Owner’s Representative. Owner shall not establish standards of maintenance and repair that violate or may violate any laws, rules, restrictions or regulations applicable to Manager or the Property or that expose Manager to risk of liability to tenants or other persons. Manager shall not be obligated by this Section to perform any Major Capital Improvements.
Maintenance and Repair of Property. Manager shall, subject to the parameters of the Operating Budget, use commercially reasonable efforts to maintain the buildings, appurtenances and grounds of the Project in substantial accordance with standards prescribed by Owner, including, without limitation thereof, interior and exterior cleaning, painting and decorating, plumbing, carpentry, and such other normal maintenance and repair work as may be desirable; provided, however, that no warranty, express or implied, shall arise from the foregoing Manager's obligation as to the tenantability, habitability, suitability or fitness for a particular purpose of the buildings, appurtenances and grounds. For any one non-budgeted item of repair or replacement, Owner's authorization is required if the expense exceeds Twenty-Five Hundred Dollars ($2,500.00), and for any one budgeted item of repair or replacement, the expense incurred shall not be in excess of the budgeted amount by twenty-five percent (25%) or Twenty-Five Hundred Dollars ($2,500.00), whichever the lesser, unless specifically authorized by Owner; provided, however, that emergency repairs necessary for the preservation and safety of the Project or the avoidance or the suspension of any service to the Project or the protecting of life or property from serious injury or damage may be made by Manager, but Manager will confer immediately with Owner regarding every such expenditure and will furnish a complete written report as soon as possible.
Maintenance and Repair of Property. Manager shall, as an expense of the Property and consistent with approved budgetary guidelines, maintain the buildings, appurtenances and common areas of the Property in good condition according to local standards for comparable properties in the immediate market area surrounding the Property, and, in any event, in accordance with the standards and conditions specified by Owner from time to time. Maintenance and repair items shall include but shall not be limited to, interior and exterior janitorial services, exterior grounds and landscaping services, repairs and alterations to existing improvements, plumbing, parking areas, electrical systems painting, carpentry, maintenance and repair of mechanical systems and such other maintenance and repair work as is reasonably necessary. Manager agrees to periodically review with Owner all expenses and any reserves therefor, and other services rendered in connection with the Property, excepting, however, that emergency repairs reasonably deemed immediately necessary by Manager for the preservation and safety of the Property or tenants or other persons, or to avoid the suspension of any service to the Property may be made by Manager without the approval of Owner if, under the circumstances, Owner cannot be notified in any reasonable manner before the required emergency repairs must be made and such costs do not exceed $5,000.00. Owner's representative, which for purposes herein, shall be deemed Owner's asset manager, as identified from time to time, in all instances shall be notified of any such emergency expenditures within 24 hours of the occurrence thereof. Notwithstanding this authority as to emergency repairs, it is understood and agreed that Manager will confer with Owner regarding every such expenditure. All necessary maintenance shall be performed by Manager in a timely manner, and, unless otherwise directed by Owner, no necessary maintenance shall be deferred except for such period during which Manager has requested and has not received Owner's approval thereof.
Maintenance and Repair of Property. Manager shall, as an expense of the applicable Property and consistent with approved budgetary guidelines, maintain the buildings, appurtenances and common areas of each Property in good condition according to local standards for comparable properties in the immediate market area surrounding the Property, and, in any event, in accordance with the standards and conditions reasonably specified by Owner from time to time. Maintenance and repair items shall include but shall not be limited to, interior and exterior janitorial services, exterior grounds and landscaping services, repairs and alterations to existing improvements, plumbing, parking areas, electrical systems, painting, carpentry, maintenance and repair of mechanical systems and such other maintenance and repair work as is reasonably necessary. Manager agrees to review periodically with Owner all expenses and any reserves therefor, and other services rendered in connection with each Property. Notwithstanding anything in this Agreement to the contrary, emergency repairs and/or other expenditures deemed immediately necessary by Manager for the preservation and safety of a Property or tenants or other persons, or to avoid the suspension of any service to a Property may be made by Manager without the approval of Owner if, under the circumstances, Owner cannot be notified in a reasonable manner before the required emergency repairs and/or expenditures must be made.
Maintenance and Repair of Property. At the expense of Owner, Manager shall use its reasonable best efforts to maintain the buildings, appurtenances and grounds of the Property in accordance with standards reasonably acceptable to Owner, including, but not limited to, interior and exterior cleaning, painting, decorating, carpentry and other normal maintenance and repair work. Except (a) in the case of an emergency where repairs are required to prevent damage or injury to person or the Property or (b) items included in any budget approved by Owner as provided in Section 4.2 hereof, Manager shall not undertake any single item of repair or replacement that will result in an expenditure in excess of $5,000 without the prior authorization of Owner. Notwithstanding the authority to make emergency repairs, Manager shall give prompt notice thereof to Owner and shall confer with Owner regarding such expenditure and its effect on the budget. Owner shall pay or reimburse Manager for all costs, expenses and liabilities incurred under this Section 2.5.
Maintenance and Repair of Property. Manager shall use its best diligent efforts to maintain, at Owner’s expense, the Apartments in good condition and repair and in accordance with standards established by Owner in writing from time to time, including but not limited to interior and exterior cleaning, painting and decorating, plumbing, carpentry, and such other normal maintenance and repair work as may be reasonably desirable taking into consideration the amount allocated therefor in the Annual Business Plan. With respect to any expenditure not contemplated by the Annual Business Plan, Manager shall not incur any individual item or repair or replacement in excess of Five Thousand Dollars ($5,000.00) or (with all such other un-contemplated items) more than $25,000.00 per year in the aggregate unless authorized in writing by Owner’s Representative, excepting, however, that emergency repairs immediately necessary for the preservation and safety of the Apartments or to avoid the suspension of any service to the Apartments or danger of injury to persons or material damage to property may be made by Manager without the approval of Owner’s Representative. Owner shall not establish standards of maintenance and repair which violate or may violate any laws, rules, restrictions or regulations applicable to Manager or the Apartments or which expose Manager to risk of liability to tenants or other persons. Manager shall not be obligated by this Section to perform any major capital improvements, unless same are approved in writing by Owner or are provided for in the Annual Business Plan.
Maintenance and Repair of Property. Property Manager shall, subject to the parameters of the Operating Budget and Section 3.2 hereof, maintain the buildings, appurtenances and grounds of each of the Properties in substantial compliance with all Legal Requirements and in substantial accordance with standards prescribed by Owner, including, without limitation thereof, interior and exterior cleaning, painting and decorating, plumbing, carpentry, and such other normal maintenance and repair work as may be desirable. Property Manager may make, outside of the Operating Budget, emergency repairs necessary for the preservation and safety of a Property or the avoidance or the suspension of any service to a Property or the protecting of life or property from serious injury or damage provided that Property Manager confers promptly with Owner regarding every such expenditure and furnishes a complete written report as soon as possible.
Maintenance and Repair of Property. Borrower shall (a) maintain the Property, including the parking and landscaping portions thereof, in good condition and repair, (b) promptly make all necessary structural and non-structural repairs to the Property, including the Required Repairs, and (c) not demolish, alter, remove or add to any Improvements, excepting (i) the repair and restoration of Improvements following damage thereto as required by this Agreement, and (ii) as otherwise required by any applicable law, rule or regulations, and (d) not erect any new buildings, structures or building additions on the Property, without the prior written consent of Agent. Borrower shall pay when due all claims for labor performed and materials furnished therefor in connection with any improvements or construction activities.
Maintenance and Repair of Property. During the Term of this Agreement, and subject to the terms and conditions contained herein, CITY and PARTNER agree, as indicated below, to one of the following provisions for the Maintenance and Repair of the Property (select ”a” or “b”):
Maintenance and Repair of Property. Manager shall, at Owner's sole expense, in accordance with the Budget, maintain the Property in accordance with standards reasonably acceptable to Owner, including without limitation, interior and exterior cleaning, painting and decorating, plumbing and carpentry.
