Maintenance Options. Each Lease will be identified as either a Standard Maintenance Lease or a Net Maintenance Lease. Any Lease not expressly identified as a Standard Maintenance Lease or a Net Maintenance Lease will be deemed a Standard Maintenance Lease (subject to Section 7(c) below).
Maintenance Options. Heating & Cooling (2 Visits per Year) Gas Heating & A/C System $24/month $288/year Each Additional Gas Heating & A/C System $16/month $192/year Heat Pump System (Air or Geothermal) $24/month $288/year Each Additional Heat Pump System $16/month $192/year Dual Fuel System $25/month $300/year Mini-Split System (1 visit per year) $10/month $120/year Each Additional Mini-Split System $5/month $60/year # Cooling Only (1 Visit per Year) Air Conditioner & Air Handler System $12/month $144/year Each Additional A/C & Air Handler System $8/month $96/year # Heating Only (1 Visit per Year) Gas Furnace or Gas Boiler $17/month $204/year Each Additional Gas Furnace or Gas Boiler $15/month $180/year Name: Address: Email: City: State: Zip: Home Phone: Cell Phone: Work Phone: Signature: Date:
Maintenance Options. The parties agree to the maintenance option marked with their initials below: / 1) Club places $ /yr + $ /tach hr flown (both renegotiable annually) into a Minor Maintenance line of accounting and handles all maintenance below the total funds in Minor Maintenance line of accounting. The parties will have the following responsibilities:
A) Club will pay into and maintain this Minor Maintenance line of accounting that can only be used for maintenance costs.
B) Lessor will pay the net cost of any maintenance that exceeds the amount in the Minor Maintenance line of accounting.
C) Lessor authorizes the Club to perform any maintenance below the total funds in the Minor Maintenance line of accounting.
D) Club will conduct any maintenance required to keep the aircraft in an airworthy condition, certified for IFR, and in a general safe condition as long as the funds are available in the Minor Maintenance line of accounting or made available by the Lessor for such maintenance.
E) Club will provide an annual statement to the Lessor summarizing all maintenance performed on the aircraft the previous year along with the cost of each item, how much of that repair was paid by the Club or the Xxxxxx, and the balance in the Minor Maintenance Reserve line of accounting at the time of the statement.
F) Club will maintain all aircraft log books.
