MAINTENANCE OVERSIGHT. If the cost of the work is more than $3,000 and either the number of items to be addressed by work order is more than two, or the number of vendors required to accomplish the project is more than two, we will charge 10% on the total cost of material and labor. • MAINTENANCE RESERVE: At signing and acceptance of the Management Agreement, Owner agrees to contribute and maintain a Three Hundred U.S. Dollars ($300.00) expense fund to cover miscellaneous items such as lawn maintenance, utilities, and miscellaneous repairs. This fund will be maintained by Broker. The fund will automatically be replenished from the rent received or from a contribution by Owner.
Appears in 5 contracts
Samples: Property Management Agreement, Property Management Agreement, Property Management Agreement
