Common use of Maintenance and Repair of Property Clause in Contracts

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.