Common use of MAINTENANCE, REPAIRS AND OPERATIONS Clause in Contracts

MAINTENANCE, REPAIRS AND OPERATIONS. 5.1: Agent shall use the best efforts to insure that the property is maintained in an attractive condition and in a good state of repair. In this regard, Agent shall use its best skills and efforts to serve the tenants of the property and shall purchase necessary supplies, make contracts for, or otherwise ensure the maintenance of electricity, gas, water, refuse disposal, pest control and any other utilities or services required for the operation of the property. Agent shall make or cause to be made and supervise necessary repairs and alterations. Expenditures for repairs, alterations, maintenance or utility expenditures in excess of $ shall not be made without prior written consent of Owner, except in the case of emergency, or if agent in good faith determines that such expenditures are necessary to protect the property from damage, to prevent injury to person or loss of life, or to maintain services or habitability conditions as may be required by the Utah Fit Premises Act. In the event of an "emergency" that must be remedied on an emergency basis to protect the property and maintain habitability, Agent is authorized to make such emergency expenditures as are necessary, including those in excess of the authorized amount of $ . The owner agrees to bear the expense of each repair or expenditure under these provisions plus a service fee of % to the Agent. Agent reserves the right to require % of estimated costs of repairs prior to work being started. Nothing herein shall be construed to require Agent to advance any monies for the care, repair or maintenance of the property. If funds are not available from property revenue for necessary care, repair or maintenance, Owner shall upon demand from Agent provide funds for such necessary care, repair or maintenance. If such funds are not provided in that Agent cannot in good faith perform its duties under this Agreement, Agent may terminate this Agreement as provided in Section 18.

MAINTENANCE, REPAIRS AND OPERATIONS. 5.1: 5.1 Agent shall use the best efforts to insure that the property is maintained in an attractive condition and in a good state of repair. In this regard, Agent shall use its best skills and efforts to serve the tenants of the property and shall purchase necessary supplies, make contracts for, or otherwise ensure the maintenance of electricity, gas, water, refuse disposal, pest control and any other utilities or services required for the operation of the property. Agent shall make or cause to be made and supervise necessary repairs and alterations. Expenditures for repairs, alterations, maintenance or utility expenditures in excess of $ $300.00 shall not be made without prior written consent of Owner, except in the case of emergency, or if agent in good faith determines that such expenditures are necessary to protect the property from damage, to prevent injury to person or loss of life, or to maintain services or habitability conditions as may be required by the Utah Fit Premises Act. In the event of an "“emergency" ” that must be remedied on an emergency basis to protect the property and maintain habitability, Agent is authorized to make such emergency expenditures as are necessary, including those in excess of the authorized amount of $ $300.00. The owner agrees to bear the expense of each repair or expenditure under these provisions plus a service fee of 10% to the Agent. Agent reserves the right to require 50% of estimated costs of repairs prior to work being started. Nothing herein shall be construed to require Agent to advance any monies for the care, repair or maintenance of the property. If funds are not available from property revenue for necessary care, repair or maintenance, Owner shall upon demand from Agent provide funds for such necessary care, repair or maintenance. If such funds are not provided in that Agent cannot in good faith perform its duties under this Agreement, Agent may terminate this Agreement as provided in Section 18.

MAINTENANCE, REPAIRS AND OPERATIONS. 5.1: 5.1 Agent shall use the best efforts to insure that ensure the property is maintained in an attractive condition and in a good state of repair. In this regard, Agent shall use its best skills and efforts to serve the tenants of the property and shall purchase necessary supplies, make contracts for, or otherwise ensure the maintenance of electricity, gas, water, refuse disposal, pest control and any other utilities or services required for the operation of the property. Agent shall make or cause to be made and supervise necessary repairs and alterations. Expenditures for repairs, alterations, maintenance or utility expenditures in excess of $ $300.00 shall not be made without prior written consent of Owner, except in the case of emergency, or if agent in good faith determines that such expenditures are necessary to protect the property from damage, to prevent injury to person or loss of life, or to maintain services or habitability conditions as may be required by the Utah Fit Premises Act. In the event of an "“emergency" ” that must be remedied on an emergency basis to protect the property and maintain habitability, Agent is authorized to make such emergency expenditures as are necessary, including those in excess of the authorized amount of $ $300.00. The owner agrees to bear the expense of each repair or expenditure under these provisions plus a service fee of 10% to the Agent. Agent reserves the right to require 50% of estimated costs of repairs prior to work being started. Nothing herein shall be construed to require Agent to advance any monies for the care, repair or maintenance of the property. If funds are not available from property revenue for necessary care, repair or maintenance, Owner shall upon demand from Agent provide funds for such necessary care, repair or maintenance. If such funds are not provided in that Agent cannot in good faith perform its duties under this Agreement, Agent may terminate this Agreement as provided in Section 18.

MAINTENANCE, REPAIRS AND OPERATIONS. 5.1: 5.1 Agent shall use the best efforts to insure that the property is maintained in an attractive condition and in a good state of repair. In this regard, Agent shall use its best skills and efforts to serve the tenants of the property and shall purchase necessary supplies, make contracts for, or otherwise ensure the maintenance of electricity, gas, water, refuse disposal, pest control and any other utilities or services required for the operation of the property. Agent shall make or cause to be made and supervise necessary repairs and alterations. Expenditures for repairs, alterations, maintenance or utility expenditures in excess of $ $300.00 shall not be made without prior written consent of Owner, except in the case of emergency, or if agent in good faith determines that such expenditures are necessary to protect the property from damage, to prevent injury to person or loss of life, or to maintain services or habitability conditions as may be required by the Utah Fit Premises Act. In the event of an "emergency" that must be remedied on an emergency basis to protect the property and maintain habitability, Agent is authorized to make such emergency expenditures as are necessary, including those in excess of the authorized amount of $ $300.00. The owner agrees to bear the expense of each repair or expenditure under these provisions plus a service fee of 10% to the Agent. Agent reserves the right to require 50% of estimated costs of repairs prior to work being started. Nothing herein shall be construed to require Agent to advance any monies for the care, repair or maintenance of the property. If funds are not available from property revenue for necessary care, repair or maintenance, Owner shall upon demand from Agent provide funds for such necessary care, repair or maintenance. If such funds are not provided in that Agent cannot in good faith perform its duties under this Agreement, Agent may terminate this Agreement as provided in Section 18.

MAINTENANCE, REPAIRS AND OPERATIONS. 5.1: 5.1 Agent shall use the best efforts to insure that ensure the property is maintained in an attractive condition and in a good state of repair. In this regard, Agent shall use its best skills and efforts to serve the tenants of the property and shall purchase necessary supplies, make contracts for, or otherwise ensure the maintenance of electricity, gas, water, refuse disposal, pest control and any other utilities or services required for the operation of the property. Agent shall make or cause to be made and supervise necessary repairs and alterations. Expenditures for repairs, alterations, maintenance or utility expenditures in excess of $ $500.00 shall not be made without prior written consent of Owner, except in the case of emergency, or if agent Agent in good faith determines that such expenditures are necessary to protect the property from damage, to prevent injury to person or loss of life, or to maintain services or habitability conditions as may be required by the Utah Fit Premises Act. In the event of an "“emergency" ” that must be remedied on an emergency basis to protect the property and maintain habitability, Agent is authorized to make such emergency expenditures as are necessary, including those in excess of the authorized amount of $ $500.00. The owner agrees to bear the expense of each repair or expenditure under these provisions plus a service service, or maintenance fee of 12% to the Agent. Agent reserves the right to require 50% of estimated costs of repairs prior to work being started. Nothing herein shall be construed to require Agent to advance any monies for the care, repair or maintenance of the property. If funds are not available from property revenue for necessary care, repair or maintenance, Owner shall upon demand from Agent provide funds for such necessary care, repair or maintenance. If such funds are not provided in that Agent cannot in good faith perform its duties under this Agreement, Agent may terminate this Agreement as provided in Section 18. If funds are requested and not provided to Agent within 3 days, Agent may elect to advance monies for the care, repair or maintenance of the property for a one-time, 10% charge to the Owner.